Trailer orders slip as backlog grows
COLUMBUS, Ind. — After several consecutive spikes in trailer orders, total net orders fell for the second straight month (9%) during May.
Despite that decline, commercial trailer backlogs continued to grow, ending the month at 102,500 units, up 1 percent from April, reports ACT Research Co.
ACT also noted that build was up 87 percent from May 2010, while industry backlog was up 122 percent for the same time period.
"The decline in April net orders was actually in line with what would be expected from normal industry patterns," said Frank Maly, director CV Transportation Analysis and Research with ACT. "The order board continues to appear solid, as supported by extremely low order cancellations. Fleets have taken their positions in OEMs’ production plans and, so far, are maintaining those commitments."
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