ACT: U.S. Trailer Net Orders Up 29% M/M, Down 71% Y/Y
JUN 23, 2020 - 6:38 am
May net U.S. trailer orders of 3,107 units were a significant improvement from April, but net orders remain 71% below May 2019’s level, according to ACT Research. Before accounting for cancellations, new orders of 7,400 units were up 29% versus April, according to this month’s ACT Research State of the Industry: U.S. Trailer Report.
“Although up from April’s record low, May’s net orders will still rank as the second weakest in industry history,” Frank Maly, director–CV transportation analysis and research at ACT Research, said. “There is little incentive for fleets to invest in new equipment right now.
“While there has been a general re-opening of the U.S. economy and some post-quarantine consumer-generated surges have been reported, caution continues to be the watchword. Significant apprehension is being expressed about small-to-medium fleets, and the concern is that the PPP lifelines many may have grasped will run out before a post-lockdown economy generates freight at sufficient volumes and profitable rates, which will have serious implications for both trailer OEMs and dealers.”
ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current U.S. trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers and trailer OEMs and suppliers, to better understand the market.
Additionally, ACT Research created a webpage to track noteworthy high frequency macroeconomic and transportation-specific market indicators.
Third-party originators (TPOs) play a crucial role for the customers and vendors they service and the partners who rely on their expertise and volume of business. TPOs who focus on equipment finance are a sophisticated group of entrepreneurs who care... read more
Empathy has long been recognized as the foundation of the innovation process. Leaders like Satya Nadella facilitate empathy in their cultures because they know it will, in turn, foster a culture of innovation. Ignoring empathy risks customer apathy and business... read more