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IPFS News Link • Transportation

September Trailer Orders Go "Bonkers" At 52,000 Units

• https://www.zerohedge.com, By Alan Adler

The pandemic and consumer goods demand to support life and work at home continues unabated.

The highest monthly orders for trailers came in October 2014 followed by December 2017.

FTR Transportation Intelligence reported Monday that September's orders were 23,500 units above August and 33,400 more than September 2019. The great majority of the September orders were for dry vans, with robust orders for refrigerated vans and sluggish flatbed demand.

Backlogs are expected to return to December 2019 levels, meaning longer wait times for new equipment builds.

The first congressional stimulus package infused a tremendous amount of funds into the economy, FTR said. Most of the money is being spent on consumer goods, such as groceries, rather than services like restaurants and travel.

"Fleets, especially in the dry van space, continue to order trailers after a weak spring order season," Great Dane Executive Vice President of Sales Chris Hammond told FreightWaves. "We also see more confidence from our distribution groups as they look to increase stock trailer orders for 2021 builds."

Dry van freight is commanding near-record per-mile rates as tender rejections remain high. The bulk of September orders were for dry vans.


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