Trailer orders drop 30 percent from April
Trailer orders fell 30 percent month-over-month in May, a side effect of April numbers ACT Research says.
“Cancellations continue to be a non-issue for the industry, although they did increase month-over-month in May,” said Frank Maly, director-CV transportation with ACT Research. “It was evident that some fleets reassessed their commitments for the second half of the year, since cancellations were at 7.9% of new orders.”
Orders for May registered 15,600 units, which ACT said is in line with seasonal expectations. Maly said that softer orders last month were not a concern since the industry is past its prime order season.
Net orders were off only 1 percent year-over-year.