Trailer orders up over last year, huge gains over prior month
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 Frank Maly, director of commercial transportation analysis at ACT. “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.”
Good news on the trailer front follows strong news from the truck segment.
North American classes 5-7 orders were expected to hit 18,600 units, and Class 8 orders were expected at 26,300 units.
Industrywide figures reflect at least two major truck maker’s reports released earlier this month.