FTR
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Trailer orders slip with seasonailty: FTR

Dec. 18, 2023
Backlog ratio is in line with the historical average prior to 2020 and suggests the industry is moving towards a pre-pandemic level of stability

November U.S. trailer net orders fell by more than 13,000 units, or 38%, from October, to 21,362 units, FTR reports. Orders were down 45% versus November 2022. Still, trailer orders were 7% above the current average for 2023.

The number of trailers ordered over the last 12 months decreased to just above 276,700 units.

“With orders coming in under production levels, backlogs in November fell slightly, shedding almost 2,500 units to end at just over 140,000 units,” Eric Starks, chairman of the board, said. “The more pronounced fall in production resulted in an increase for the backlog-to-build ratio to 5.9 months. This ratio is in line with the historical average prior to 2020 and suggests the industry is moving towards a pre-pandemic level of stability.”

Trailer production was 23,770 in November, down 12% m/m and -9% y/y. Build was lowest since last year, but a drop in production after October is normal, and the average monthly build is still healthy at more than 27,200 units.