ACT: April Net Trailer Orders Up 11% Compared to 2017
MAY 11, 2018 - 2:40 pm
ACT Research’s preliminary estimate for April 2018 net trailer orders is 23,100 units.
Final April volume will be available later this month, but ACT noted that its methodology allows it to generate a preliminary estimate of the market that should be within 3% of the final order tally.
“April was the 17th consecutive month of year-over-year gains for net orders, an indication of strong fleet confidence in current business conditions, as well as a positive outlook as we move through the rest of this year. Solid freight rates and tight capacity continue to support fleet investment plans,” said Frank Maly, ACT’s director of CV transportation analysis and research. “While net orders were down roughly 23% from March, a decline is expected as we exit the industry’s normal October through March order season. A review of the latest order season shows almost 224,000 orders were booked, up nearly 30% from a year ago.
“While heavily influenced by dry vans and reefers, the industry’s average backlog now extends deep into the fourth quarter. Depending on the OE and the trailer category, a fleet placing an order now may well receive a 2019 delivery date.”
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
The workplace of today is vastly different than it was even a couple years ago, but there are still many obstacles that impede employees, particularly women, from thriving in their jobs, ultimately disrupting success in other areas of life. Michelle... read more
The Equipment Leasing and Finance Association has been making major moves to address the subject of diversity, equity and inclusion (DE&I) within the equipment finance industry. Recently, the ELFA hosted its first annual Equity Forum, a two-day conference in Washington,... read more