The US trailer industry set net order records throughout the third quarter of this year, with both July and August being the strongest months, respectively, in industry history, according to this quarter’s issue of ACT Research’s Trailer Components Report.
The quarter closed with the industry posting the strongest monthly net order volume in history, with more than 58,000 net orders posted in September. That was more than 11,000 stronger than the previous record set in October of 2014. The robust OEM order board, and the resulting trailer production rates, will continue to challenge industry component and material suppliers during the upcoming months, the report states.
“Strong freight demand and tight capacity have combined to support both contract and spot rates. Extremely positive fleet financial performance is the result, providing both the need and ability to continue strong levels of equipment investment,” says Frank Maly, director, commercial vehicle transportation analysis and research at ACT Research. “Solid orders are not just a short-term phenomenon, as five of the top ten order volume months in industry history have occurred in the last four quarters.”
Maly adds, “Cancellations continue to be minimal. Industry backlogs now stretch well into the [second quarter of 2019], so fleets realize that backing away from any trailers currently on the order board might result in equipment delivery sometime next summer, or later.”
