Blog Banner

You Depend on Data. Depend on ACT Research.

You Depend on Data. Depend on ACT Research.

ACT Research: U.S. Trailer Net Orders Closed 2019 Down 51% vs Full-Year 2018

Posted by Jennifer McNealy on Jan 21, 2020 5:00:00 PM

FINAL Graph December 2019 Data w copyrightNew US trailer orders of 18.4k were down 13% month-over-month in December, and after accounting for cancellations, net orders of 17.7k dropped 11%. Longer-term comparisons show net orders down 35% year-over-year and 51% lower compared to full-year 2018, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US 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.

“While seven of the ten major trailer categories posted month-over-month gains, the sequential 32% drop in dry van orders was significant enough to pull the total industry results into the red,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He added, “Continued softness in both freight volumes and rates are generating financial headwinds for fleets, and as a result, their investment plans continue to be extremely cautious.”

animation - 2020-01-22T101720.870Maly continued, “Fleets are aware that, as a result of weaker OEM orderboards, lead times are dramatically shorter than this time last year, so any orders placed now are likely to be delivered in a much more acceptable timeframe. It is also likely that pricing will be more advantageous.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.

ACT’s 62nd seminar is scheduled for February 11-13, 2020, and will feature trucker, electrification, and economic panels, as well as discussions on near-term demand of North American commercial vehicle markets and the pending impact of electrification on the market in the near future. A commercial vehicle database workshop is also being planned in conjunction with this semi-annual event.

Click below to: 

Access seminar information.

Access more information about ACT’s US Trailer Report.

Access details about other ACT Research publications and services.

See December's State of the Industry: U.S. Trailers report Press Release.

Access In the News Page.

Topics: logistics, Trailers, Press Releases, supply chain, commercial vehicle sales data, truck market, truck freight, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, commercial trailer, us trailer, trailer production, north american trailer, class8

About ACT Research

We're the leading publisher of commercial vehicle industry data, market analysis, and economic forecasting services for the North American market.

 

Recent Posts