June trailer orders jump 7 percent
On the backs of low cancellations and a jump in production, net trailer orders in June climbed 7 percent from May to 15,400 unit.
“June’s cancellation rate was only half of that posted in May,” says Frank Maly, director-CV Transportation with ACT Research. “It appears that fleets are standing firm with their order commitments.”
Maly said June saw a historical bump in production in the last month of a quarter, and that June hit the mark.
“Build reached the highest daily rate since December 2006,” he says.