November trailer orders grow
The 43 percent month-over-month gain in net trailer orders posted in October was followed in November by a less ambitious 3 percent month-over-month improvement, with strength centralized in dry vans, flats and liquid tanks.
“On a year-over-year basis, total net orders of 25,670 units were up 17 percent,” says Frank Maly, Director – CV Transportation Analysis and Research at ACT Research. “Cancellations continued to be low, and that appears to be the result of firm commitments by fleets.”
RELATED: November truck orders disappoint
October trailer orders climbed 6 percent from a year ago to 24,900 units – a 43 percent gain over the prior month – according to ACT Research Co.
“Improvement in orders was widespread in October, as seven of ten trailer categories were positive month over month, with most of those posting solid double-digit gains,” says Maly. “Cancellations were low, which continues to indicate both an absence of speculative orders in the backlog as well as a confirmation that trailers on the orderboard are truly needed.”