FTR reports a rebound in trailer orders in September

FTR reports preliminary trailer orders for September at 19,000 units, the highest since February. Trailer order activity rebounded from the recent doldrums as some fleets began placing orders for 2020. Orders were up 81% m/m but minus 66% y/y. September’s net orders could have been even higher but were negatively affected by fleet cancellations of excess 2019 orders. Trailer production should remain sturdy in September but somewhat off recent months with backlogs expected to drop for the ninth consecutive month. Trailer orders for the past 12 months now total 264,000 units.

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