Trailer orders showed a 6 percent decline month-over-month in March, and a 12 percent drop year-over-year, according to a state-of-the-industry report released last week by Americas Commercial Transportation (ACT) Research.
ACT is a leading publisher of data for the commercial vehicle industry, as well as market analysis and forecasting services for the North American market.
The ACT paper suggests that while trailer orders show declines, cancellations are low, which means trailer manufacturers and marketers shouldn’t be alarmed.
“Although orders are down, the orders being placed appear genuine, as cancellation activity has been negligible for most trailer categories,” said Frank Maly, director of commercial vehicle transportation with ACT Research. “Better economic growth, and the resulting gains in freight, should result in improved order volumes as the year progresses. Backlogs decreased 4 percent in March, while inventories were up less than 2 percent.”