March 24, 2014
Orders from large fleets in February pushed new order volumes to 32,143 trailers and netted 29,947 units after cancellations, according to ACT Research Co. (ACT).
“Net orders were up 17 percent sequentially and up 68 percent from the same month last year,” says Frank Maly, Director – CV Transportation Analysis and Research at ACT, adding the industry orderboard is now at the highest level since August 2006.
“While dry vans were the driving force in the 11 percent month-over-month total industry gain, strength was widespread,”he says. “Seven of ten trailer categories were up month-over-month.”
February production surged compared to a weather-impacted January.
2014 has been unexpectedly kind to heavy equipment dealers. Class 8 net orders in February were up 30 percent year-over-year while Classes 5-7 net orders were up 18 percent, according to ACT’s State of the Industry report.