"Improvement in orders was widespread in October, as seven of ten trailer categories were positive month over month, with most of those posting solid double-digit gains," said Frank Maly, director of CV Transportation Analysis and Research at ACT. "Cancellations were low, which continues to indicate both an absence of speculative orders in the backlog as well as a confirmation that trailers on the order board are truly needed," he added.

ACT is a publisher of new- and used-commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

Source: ACT Research