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ACT Research: U.S. Trailer Net Orders Dropped 15% Sequentially in February, -45% Y/Y

Posted by Jennifer McNealy on Mar 19, 2020 6:00:00 AM

Trailer Graph 3-19-20

February net US trailer orders of 12.7k units were down 15% month-over-month and 45% below the previous year. Before accounting for cancellations, new orders of 14.8k were down 12% versus January, 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.animation - 2020-03-19T093040.670

03.19.20“The conservative investment posture of fleets continued into February,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He added, “As dire as those figures are, they were highly pre-COVID-19 driven. Now, we are operating under some of the most unusual and unexpected market conditions in history.

Maly continued, Lower freight volumes and rates were already impacting fleet financials, as well as the need and ability to invest in equipment. While freight volume may have skyrocketed, if you are carrying the correct goods for the correct sales channels, for many fleets the shuttering of restaurants and retail locations may have pushed operations to the sidelines.” He commented, “Recent discussions indicate that order placement has virtually disappeared, as fleets begin to assume their version of ‘shelter in place’ with regards to equipment investment.”

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 63rd seminar is scheduled for August 11-13, 2020, and will feature dealer, alternative power, and economic panels, as well as discussions on near-term demand of North American commercial vehicle markets and the pending impact of alternative power on the market in the near future.

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Get seminar information.

Access more information about ACT’s US Trailer Report.

Access details about other ACT Research publications and services.

See February's State of the Industry: U.S. Trailers 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, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, commercial trailer, us trailer, trailer production, north american trailer

About ACT Research

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

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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