ACT: March Net Trailer Orders Up 36% Versus Last Year
APR 16, 2018 - 6:33 am
ACT Research’s preliminary estimate for March 2018 net trailer orders is 29,500 units. Final March volume will be available later this month. ACT’s methodology allows it to generate a preliminary estimate of the market that should be within 3% of the final order tally.
“Strong freight demand and tight capacity have encouraged fleets to continue to invest in new equipment. Improving freight rates will positively impact their profitability, and the recent implementation of significant business tax cuts further contributes to their ability to expand and modernize operations,” said Frank Maly, ACT’s director of CV transportation analysis and research. “March was the 16th consecutive month with year-over-year order gains for the trailer industry, closing a quarter that was up 28% versus last year. Examination of these preliminary results indicates widespread strength. While dry and reefer trailers should both post year-over-year net order gains above 40%, solid results were evident across the vocational trailer categories as well.”
With springtime barely underway, orders placed in upcoming months, depending on the trailer category, could come with delivery dates deep into Q4/18.
“The industry’s average backlog pushes into November, although that horizon is strongly influenced by both dry vans and reefers,” Maly said.
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