COLUMBUS, Ind. — Despite declining from January levels, February commercial orders were strong enough to maintain industry backlogs, according to the latest report from ACT Research.
“Caution, but not retrenchment, seemed to be the watchword for the trailer industry in February, as the month started softly and then picked up momentum,” ACT officials said in a release.
“Total new orders for trailers were just under 20,000 units, down 8% month over month, while net orders of 18,160 were down 11%,” said Frank Maly, director of commercial vehicle transportation with ACT Research. “Cancellations for most trailer categories continued to be benign.”
The industry ended February with a 6% increase in inventory.
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