New trailer orders fell to near zero in April

Trailer welder

Preliminary net orders for trailers in April fell to just 300 bookings, the lowest level since 1990.

The 95% drop in orders from March and 98% decline from April 2019 put orders during the past 12 months at 162,000, according to FTR Transportation Intelligence.

The impact of the health crisis on manufacturing and an already slowing market for equipment combined to cause many fleets to effectively close their order books and cancel or push out orders scheduled for 2020 delivery.

“There are still...

https://www.freightwaves.com/news/new-trailer-orders-fell-to-near-zero-in-april

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