REPORT: U.S. Trailer Orders Sink Again In March, “Unusual” Reefer Volume

Columbus, Indiana – Near record backlogs are still slowing U.S. trailer sales, according to a new report by trucking analysis firm, ACT Research.

For the fourth consecutive month in March, U.S. trailer order volume came in below previous year volume.

U.S. trailer orders were off again in March for the fourth consecutive month.

OEMs booked nearly 16,000 net orders during the month as 2019 build slots remain filled.

This represents a 48% decline in Y/Y volume and 36% decline YTD.

“While some fleets have fulfilled investment plans for the year, others reportedly are seeking more equipment this year,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research.

 

Maly said he expects dry van and reefer orderboards to consume “most available production slots for the year.”

In fact, Maly said reefer order volume was “up 60% year-over-year and at the highest level in our historical database, which started in 1990.”

He called these results “unusual.”

Further, the report noted that while the cancellation rate continued at acceptable levels, the high backlog, at 7.5 months, helped disguise higher cancellation volume.

Cancellations have averaged more than 2,300 per month for the last four months, the longest string of higher volume months since the mid-year 2016 market inflection.

 

 


FOLLOW US ON SOCIAL MEDIA (FACEBOOK & TWITTER) FOR THE LATEST ON THIS STORY AND MORE BREAKING NEWS!


 

If you enjoyed this article, please help us grow by sharing it. Thank you!

SHARE YOUR COMMENTS



Pin It on Pinterest

Share This
Loading...