May 17, 2019 10:45 AM, EDT

April Trailer Orders Slide Amid Scarce Production Slots

Stoughton trailers at Wisconsin plant Newly manufactured trailers line up at the Stoughton plant in Stoughton, Wis. (Stoughton Trailers)

U.S. trailer orders in April dropped 40% compared with a year earlier to 13,200 as open production slots in 2019 remained scarce, FTR reported, citing trailer makers’ preliminary data.

“OEMs have been cautious about taking longer-term orders due to uncertainty over future costs. Right now, the Chinese tariff situation is just adding to an already cloudy outlook,” said Don Ake, vice president of commercial vehicles at FTR.

Backlogs remain hefty, with robust production levels. Trailer orders for the past 12 months now total 364,000 units, according to FTR. — Transport Topics