Trailer industry net orders now have posted year-over-year declines for 10 consecutive months, according to the most recent issue of ACT Research’s Trailer Components Report.
Year-to-date September net orders are down 54% compared to 2018, ACT maintained, and dry van and reefer net orders both were weaker than the industry average, while only medium lowbeds had a positive y/y result at 3% better than last year.
“While the 2019-20 order season is underway, fleet response has been lackluster,” said Frank Maly, ACT’s director of commercial vehicle transportation analysis and research. “The impact of financial pressures, a combination of weaker freight volume and lower rates for the available freight movement, is an overarching concern.
“The dramatic growth of the trailer fleet in the past few years is also an important factor, resulting in both increased capacity and a dramatically younger fleet, all meaning little incentive for significant capital investment by fleets.”