COLUMBUS, Ind. -- Demand for trailers surged 43% in October, kicking off the fall order season in a big way, according to the latest data from ACT Research.
Its State of the Industry: US Trailers report indicated 24,900 trailers were ordered in October. That represented a 6% gain year-over-year.
“Improvement in orders was widespread in October, as seven of 10 trailer categories were positive month-over-month, with most of those posting solid double-digit gains,” said Frank Maly, director, CV transportation analysis and research 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 order board are truly needed.”