June Orders Rebound for New Trailers; Up 76% from May
Several large dry van orders for delivery in 2016 boosted June orders, with refrigerated van orders also exceeding expectations. The large order volume in June kept backlogs at a steady level in spite of trailer build increasing one percent per day over May production. U.S. trailer orders have now totaled 333,000 units over the past 12 months.
Dry van orders for June were the result of significant placements with a few OEM’s, and production was very strong during the month. Refrigerated van orders were also good, although not as strong as the dry segment. Contrary to most of the segments, flatbed orders were particularly weak for the month.
Don Ake, vice president of commercial vehicles for FTR, said, “There is a dichotomy in these numbers. Vans — both dry and reefer — had a great month. The fact that some fleets are so confident about next year that they placed orders three months early, is a great sign for the industry.
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