Trailer market expected to grow 2% this year
FTR Thursday released its 2014 forecast for the U.S., projecting a total market for 2014 at 240,000 units – a 2.2 percent increase over 2013.
For the first time, FTR presents their quarterly trailer forecast individually for dry van, reefer van, flatbed, liquid tank, dry tank, dump, low bed and “other” trailer types.
“We are applying the same level of analysis, the same skill and the same processes to the trailer market that FTR applies to the truck market. Our truck equipment forecast is the best in the industry,” says Don Ake, FTR Vice President of Commercial Vehicles. “We are off to a great start with our initial segmented trailer forecast and our goal is to continue to refine our models and processes going forward to deliver the most accurate forecasts possible.”
FTR expects dry vans to show a 2 percent year-over-year increase while reefer vans will remain flat. Flatbeds, dumps and low beds are all expected to show greater increases as construction and manufacturing improve.