ACT: Preliminary August 2019 Trailer Orders Up Fractionally from July



ACT Research’s preliminary estimate for August 2019 net trailer orders is 10,500 units, which is up from July’s numbers but trail last year by more than 72%.

Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.

“On the positive side, total orders were up 7% versus July. However, cancellations pulled the net order results down to a 2% sequential gain. Indications were that cancels were highest in the industry’s core product categories, dry vans, reefers, and flatbeds, indicating fleets and dealers are still reassessing their true equipment needs for the remainder of this year,” said Frank Maly, ACT director of CV Transportation Analysis and Research.

Considering normal seasonal patterns along with the widespread opening of 2020 orderboards, a more significant sequential order improvement would have been expected.

Maly added, “On a seasonally adjusted basis, net orders actually declined 14% from July. That indicates market pressures of economic uncertainty, lower freight volumes and rates, as well as tariff concerns, are all causing fleets to closely assess their investment plans and very cautiously extend their commitments into next year.”

Although some order improvement should occur in upcoming months, the pace may well be slower than historic order patterns would predict. Additionally, production rates increased versus July, so when the shrinking orderboard is taken into account, the total industry backlog-to-build horizon remained in mid-January for the second consecutive month.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com