The U.S. trucking industry is seeing more signs of growth with new data showing trailer orders jumped significantly in February 2016.
FTR has reported a 21% increase in orders compared to January, while compared to 2015, the data shows that orders are up 2%.
Dry van orders remain steady but refrigerated units, dumps and flatbeds are improving.
Don Ake, FTR vice-president of commercial vehicles, says the refrigerated vans were up 40% from January with February flatbed orders the highest since last October.
“The trailer market continues at a strong and steady pace. Orders were fairly impressive considering the robust ordering at the end of 2015.
“Van orders have slowed, but it’s good to see the increased orders in the other segments.
“It would appear the trailer market has stabilized for now at a high level and the large fleets are still making good profits and are investing money in upgrading their trailers.”