October U.S. Trailer Orders Up 120% Y/Y, 2nd Best Month Ever

“Six of ten trailer categories posted month-over-month gains, while eight of ten were up year-over-year and year-to-date,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He continued, “The impact of a string of solid order months is responsible for that solid year-to-date performance, with six of the best ten order months in industry history occurring in the last year and four of those in this calendar year.”Additionally, Maly said, “While total trailer net orders are up 56% year-to-date, industry performance is being led by reefers, up more than 138% through October. And, this strength has now returned the trailer/tractor net order ratio to the middle of the industry’s normal range, with a backlog that is now the highest it’s been since February of 1995.”