COLUMBUS, Ind. — Commercial trailer net orders rose 168% year-over-year in February, reaching their highest levels in two years according to the latest data from ACT Research’s State of the Industry: US Trailers report.
Dry van orders posted triple digit gains on both a month-over-month and year-over-year basis, the company reported.
There were improvements in seven of nine trailer segments. Reefer van orders increased 45% year-over-year and trailer backlogs reached their highest levels in 17 months, according to the researcher.
“Over the past several weeks, numerous indicators and comments from trucking companies have pointed to a rapid tightening of truck capacity,” said Kenny Vieth, partner and senior analyst with ACT Research. “With tighter capacity comes increasing freight rates and profitability for fleets, which is a precursor for both new tractor and trailer demand. The strong dry van orders, especially one large order from a major private carrier, indicate increasing optimism within the truckload industry.”
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