COLUMBUS, Ind. — Commercial trailer orders reached their highest levels since February 2008, according to the latest figures from ACT Research.
Dry van orders more than doubled year-over-year in October, helping push total trailer orders to a 33-month high. Eight of nine trailer categories tracked by ACT posted year-over-year growth, the industry analyst reported in its State of the Industry: US Trailers report.
Net orders of 17,126 were 79% higher than last October, according to the report. Manufacturer backlogs are up by over 5,000 units.
“The strength in October orders was widespread, but was clearly led by a surge in demand for dry van trailers,” said Kenny Vieth, president and partner of ACT Research. “October was only the second month since early 2007 that dry van net orders broke above what ACT considers to be the dry van replacement level, meaning carriers are just now starting to work towards catching up on their replacement cycle.”
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