“October net orders were up more than 90 percent year over year,” said Frank Maly, Director – CV Transportation Analysis and Research at ACT. “While high order volumes normally require large fleet support, October saw significant strength from small and medium fleets as well as the dealer channel,” he added. Maly said that, year-to-date, net orders are up 57 percent.
“The list of positives for the trailer industry include insignificant cancellations, the longest BL/BU ratio of the recovery, and better margins for both fleets and trailer OEMs,” Maly said. “Conditions for the industry remain a strong and solid ‘green.’”
Source: ACT Research Co.
Timely, incisive articles delivered directly to your inbox.