Trailer Orders Down 9% in April

Total trailer orders were 10,845 in April, down 9% year-over-year (vs. up 36% year-over-year in March).

Dry van orders were 5,466 in April (vs. 5,067 in March), up 29% year-over-year (vs. down 47% year-over-year in March). Flatbed orders were 977 in April (vs. 1,027 in March), down 50% year-over-year (vs. down 62% year-over-year in March).

Dry van builds were 5,720, down 49% year-over-year (vs. down 45% year-over-year in March). Total trailer builds were 12,360 in April, down 41% year-over-year (vs. down 40% year-over-year in March). Total trailer backlog-to-build ratios improved 22% year-over-year to 6.3x (vs. improvement of 20% year-over-year to 6.3x in March). Dry van backlog-to-build ratios improved 50% year-over-year to 7.8x (vs. improvement of 32% year-over-year to 7.2x in March).

Dry van inventories were 6,081 in April (vs. 6,527 in March), down 36% year-over-year (vs. down 30% year-over-year in March). Dry van inventories are now roughly 450 units lower than they were at the end of the first quarter.

Total trailer cancellation rates were 11% in April (vs. 8% in March), improving 110bp year-over-year (vs. improvement of 370bp year-over-year in March). Dry van cancellations were 13% (vs. 10% in March), improving 570bp (vs. improvement of 490bp year-over-year in March).

“With disappointing first-quarter results out of the TL's and LTL's, as best as we can tell, there's little reason for optimism for trailer demand for the next several quarters,” Bear Sterns said.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish