ACT Research announced Friday its preliminary estimate for March 2018 net trailer orders at 29,500 units.
“Strong freight demand and tight capacity have encouraged fleets to continue to invest in new equipment. Improving freight rates will positively impact their profitability, and the recent implementation of significant business tax cuts further contributes to their ability to expand and modernize operations,” says Frank Maly, ACT’s director of commercial vehicle transportation analysis and research. “March was the 16th consecutive month with year-over-year order gains for the trailer industry, closing a quarter that was up 28 percent versus last year.
“Examination of these preliminary results indicates widespread strength. While dry and reefer trailers should both post year-over-year net order gains above 40 percent, solid results were evident across the vocational trailer categories as well.”
With springtime barely underway, orders placed in upcoming months, depending on the trailer category, could come with delivery dates deep into the fourth quarter, ACT Research adds.
“The industry’s average backlog pushes into November, although that horizon is strongly influenced by both dry vans and reefers,” says Maly.
ACT adds final March volume will be available later this month. The company says its methodology allows it to generate a preliminary estimate of the market that should be within +/- 3 percent of the final order tally.