Trailer Orders Keep Climbing in July, Hit 19,300
Figure Is 84% Better Than July 2019, 33% Above This JuneTrailers on an assembly line at a Wabash manufacturing plant. (Wabash National Corp.)
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U.S. trailer orders climbed again in July, reaching 19,300, the most this year, FTR reported.
The gain was up 84% from a year earlier and was also 33% more than in June, according to FTR.
Dry van orders sustained their momentum after diving precipitously during the pandemic. Refrigerated van orders were solid for the second straight month. However, flatbed orders remained soft, as the manufacturing sector struggles to regain its footing. Backlogs should begin to stabilize, providing a base for higher 2021 production, FTR reported.
“The best news about July is that some of the orders came from dealers,” Don Ake, vice president of commercial vehicles for FTR, said in a release. “OEMs were concerned that their dealers were overstocked in May and that would limit future production. However, dealer sales were stronger than expected in June and July, prompting dealers to place some restocking orders. This indicates some medium and small fleets are finding plenty of freight to haul.
“The improved business conditions also indicate larger fleets are beginning to replace older trailers, after pausing during the pandemic.” — Transport Topics
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