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ACT Research: U.S. Trailer Net Orders Hit 1st Sequential Increase in 9 Months, but Are Down 46% on a YTD Basis

Posted by Jennifer McNealy on Aug 26, 2019 5:00:00 PM

Trailer Graph 8-26-19New US trailer orders of 13.9k were up 22% month-over-month, and after accounting for cancellations, net orders of 10.3k hit their first sequential increase in nine months, rising 64% from June. Year-to-date, however, net trailer orders are 46% below last year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

“July’s robust month-over-month comparison is the result of June’s volume being the weakest net order posting since September of 2009,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He continued, “In a surprising dichotomy, July’s net was 64% below the same month last year, and while the sequential gain was a welcome reversal of recent trend, the volume was still disappointing.”

ACT_61__451Additionally, Maly said, “Reports indicate that additional OEMs opened their 2020 orderboards, but the response of fleets to the opportunity for production slots this year was distressing, given that only a few months ago, fleets were clamoring for additional equipment. They now appear to be very reticent to commit the investment, which isn’t unexpected given economic uncertainties, tariff concerns, lackluster freight volumes, and the resulting rate pressures.”

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. Executive staff appointments include a seat on the Board of Directors of the National Association for Business Economics and Consulting Economist to the National Private Truck Council. Accolades include 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.

 

Click here for more information about ACT’s US Trailer Report.

 

Topics: freight, transportation, logistics, shipping, Trailers, Classes 5-8, Economy, class 5-8 trucks, class 8 trucks, commercial truck report

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

 

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