Last month was a very good one for makers of commercial trailers as the 47,810 net orders placed amounted to “record demand,” per the latest “State of the Industry: U.S. Trailers” report published by ACT Research Co. (ACT).
“October net orders were up more than 90% year over year,” pointed out Frank Maly, ACT’s director – CV Transportation Analysis & Research. As for year-to-date, he said net orders are up 57%.
“While high order volumes normally require large fleet support, October saw significant strength from small and medium fleets as well as the dealer channel,” he continued.
“The list of positives for the trailer industry include insignificant cancellations, the longest BL/BU ratio of the recovery, and better margins for both fleets and trailer OEMs,” Maly remarked, adding that “conditions for the industry remain a strong and solid ‘green.’”