U.S. net trailer orders jump 73% in September
COLUMBUS, Ind. – Net trailer orders in the U.S. soared 73% from August to 18,629 units, but was down 68% compared to September 2018, an industry report said Thursday.
Year-to-date, however, net trailer orders are 54% below last year’s level, according to ACT Research’s State of the Industry: U.S. Trailer Report.
“Some order-season driven improvement occurred last month, but the pace was fairly lethargic, particularly if a year-over-year perspective is used,” said Frank Maly, director of commercial vehicle transportation analysis and research at ACT Research.
“Short-term comparisons of new orders up 44% m/m and net volume up 73% sequentially are blunted by the new/net year-over-year comparisons of -64% and -68%, respectively.”
He added that fleets are continuing to proceed with extreme caution toward the new year.
“The impact of low rates, reduced freight demand, and an uncertain short-to-medium term general economic path combine to create meaningful headwinds to fleet investment,” Maly said.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.