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November Trailer Orders Continue a Solid Trucking Industry Season

December 22, 2015 By: Trucking News Staff Tags: Fleet Management, News
November Trailer Orders Continue a Solid Trucking Industry Season

According to ACT Research Co., the net orders for new trailers in November this country gained 18 percent month over month and 10 percent year over year — continuing a solid order season for this segment of the commercial vehicle industry.

“It can be difficult to fully appreciate the strength of trailer orders in the past two years, with six of the industry’s top 10 strongest order months having occurred since October 2014,” said Frank Maly, director of commercial vehicle transportation analysis and research for ACT.

“That strength helped generate an order board stretching well into 2016, but it is also a cause for concern, which comes from an apparent commercial vehicle market imbalance.” Maly continued, “Although the trailer market continues at a solid pace, the tractor market has registered a noticeable slowdown in orders, and — considered in tandem — this disconnect is somewhat disconcerting.”

Maly added, “Regarding November specifically, the lion’s share of growth came from dry vans, up 47 percent month over month and 33 percent year over year. Additionally, orders strong enough to generate backlog growth will be the best indication of industry health at year-end.”

He said large fleets continue to drive the trailer market, while vocational segments continue to be challenged. “The total trailer market is on target to post one of its best years in history,” Maly concluded.