COLUMBUS, Ind. — Net trailer orders declined 6% month-over-month in March, and 12% year-over-year, according to the latest data from ACT Research.

However, ACT’s State of the Industry: US Trailers report suggests cancellations are low and so trailer manufacturers and sellers should not be alarmed.

“Although orders are down, the orders being placed appear genuine, as cancellation activity has been negligible for most trailer categories,” said Frank Maly, director, CV transportation with ACT Research. “Better economic growth, and the resulting gains in freight, should result in improved order volumes as the year progresses. Backlogs decreased 4% in March, while inventories were up less than 2%.”