Preliminary net trailer orders in December exceeded 40,000 for the fourth consecutive month. The October-to-December volume was the highest ever.
Orders have surged since bottoming out at near zero in April because most manufacturing was shut down because of the first wave of COVID-19.
However, increased demand for consumer...
https://www.freightwaves.com/news/q4-trailer-orders-break-record-as-december-bookings-stay-strong
New trailer orders dipped in November after two near-record months. But even with the pullback, the September-November total added up to the second-best three months in industry history.
“The last few months have been extremely strong for demand and order intake,” Dave Giesen, vice president of sales at Stoughton Trailers, told FreightWaves. “The backlog is filled into Q4. We will wait for the supply chain to catch up before we continue quoting as this is a long way out.”
After the COVID...
https://www.freightwaves.com/news/trailer-orders-dip-in-november-but-strong-demand-continues
Preliminary orders for new trailers topped 50,000 for the second consecutive month in October. Fleets booked equipment to replace older units, add capacity in a consumer goods-driven freight boom and out of concern that material shortages may crimp trailer production.
After setting a record for the second-highest monthly orders in history in September, bookings for new trailers rose to 56,500 units in October, 9% higher month over month and 68% greater than October 2019, according to FTR...
https://s29755.pcdn.co/news/trailer-orders-top-50000-for-second-straight-month-in-october
Wabash National Corp. (NYSE: WNC) saw a 37% increase in its order backlog between the second and third quarters. That suggests a strong 2021 — if Wabash can find enough workers to build the dry vans and last-mile truck bodies it makes.
“Labor rather than physical capacity is likely to be the most significant constraint across a vast array of manufacturers in 2021,” Wabash National CEO Brent Yeagy said on the company’s third-quarter earnings call Thursday.
“The labor market is unlike anything...
https://www.freightwaves.com/news/wabash-national-trailer-order-backlog-suggests-strong-2021
Preliminary Class 8 truck orders in North America topped 40,000 in October for the first time in two years. Consumer goods demand supported higher freight rates and trucking profits, resulting in robust equipment orders.
FTR reported net orders soared to 40,100 units, the first time orders surpassed 40,000 since October 2018. Bookings were up 26% from September and 83% year over year. On a rolling 12-month basis, Class 8 orders stand at 215,000 units.
ACT Research, a competing analysis firm,...
https://s29755.pcdn.co/news/class-8-truck-orders-top-40000-in-october-a-2-year-high
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a lawsuit from the Teamsters and safety groups opposing the recent changes to hours-of-service rules will not have the support of the Owner-Operator Independent Drivers Association. Plus, regional carriers are poised to gain as FedEx and UPS shed freight volumes and what are equipment ordering cycles telling us about 2020 and beyond?
OOIDA supports HOS changesThe Owner-Operator Independent Drivers...
Chart of the Week: Outbound Tender Rejection Index – USA, ACT Research Dry Van Trailer Orders, Class 8 Vehicle Orders SONAR: OTRI.USA, ORDERS.VAN, ORDERS.CL8
Tender rejection rates continue to hover around all-time highs as carriers struggle to cover the recent freight boom, driving rates and revenues higher. The last time this occurred carriers rushed to purchase record amounts of equipment in 2018. But this time around, trailers are the equipment of choice over tractors.
This past Monday...
https://s29755.pcdn.co/news/carriers-purchasing-trailers-over-tractors-during-booming-freight-market
Preliminary orders for new trailers hit 52,000 units in September, the third-highest month in history as fleet bookings looked like the last market overheating in late 2018. 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...
https://s29755.pcdn.co/news/september-trailer-orders-go-bonkers-at-52000-units
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the West Coast wildfires are creating hazardous conditions for truck drivers and affecting freight movement. Plus, trailer orders are rising once again and volatile supply chains may become the new normal.
Wildfires putting drivers at riskThe wildfires on the West Coast are creating dangerous conditions for people living in the area, but they are also impacting freight movement. Shippers are...
https://s29755.pcdn.co/news/the-daily-dash-wildfires-impacting-freight-movement
The continuing rebound for new trailer orders in August aligns with a three-year high in spot freight rates. The coronavirus pandemic leads consumers to buy more goods than services.
FTR Transportation Intelligence reported preliminary U.S. net trailer orders jumped 49% over July posting the strongest activity since October 2019. August orders were 174% above a weak August a year ago.
Trailer orders for the last twelve months now total 191,000 units, FTR said. While encouraging, it pales in...
https://s29755.pcdn.co/news/august-trailer-orders-post-best-month-since-october-2019