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