COLUMBIA, Ind. – Trailer orders in May fell 14% month over month and 10% year over year in the US, according to ACT Research’s most recent State of the Industry report.
“New orders continued to ease in May, following seasonally projected patterns, but fleets continue to bias their investments to trailers,” said Frank Maly, director–CV transportation analysis and research at ACT. “The market is being driven by large fleets, as small to medium fleets are tending to remain on the sidelines. That said, large players are not immune to market pressures, as anecdotal information indicates that negotiations for the upcoming order season are starting to bog down.”
Maly also said that caution over current and anticipated market conditions and fleet financials were beginning to be expressed.