ACT: Trailer Industry Posts Third-Highest Order Month in History in October
NOV 13, 2020 - 7:14 am
Preliminary information for October indicates that the U.S. trailer industry booked 54,200 net orders for the month, which was up 6% from September and more than 68% better than the same month last year, according to ACT Research. Before accounting for cancellations, new orders crossed the 56,000 mark. Both new and net orders ranked as the third-best in industry history. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.
“September’s rank as third-best month in industry history was short-lived, as October activity now takes that title,” Frank Maly, director CV transportation analysis and research at ACT Research, said. “Fleet commitments over the past two months have now pushed industry backlog to the highest level since June of last year. Increases in both freight volumes and rates, along with capacity challenges, have influenced fleets to aggressively enter the market. Current production rates would result in industry backlogs extending into next July. Expect OEMs to adjust build rates upward to take advantage of this positive shift in fleet investment.”
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