U.S. Trailer Net Orders Closed 2019 Down 51% vs Full-Year 2018

New US trailer orders of 18.4k were down 13% month-over-month in December

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers and trailer OEMs and suppliers, to better understand the market.

“While seven of the ten major trailer categories posted month-over-month gains, the sequential 32% drop in dry van orders was significant enough to pull the total industry results into the red,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. He added, “Continued softness in both freight volumes and rates are generating financial headwinds for fleets, and as a result, their investment plans continue to be extremely cautious.”

Maly continued, “Fleets are aware that, as a result of weaker OEM orderboards, lead times are dramatically shorter than this time last year, so any orders placed now are likely to be delivered in a much more acceptable timeframe. It is also likely that pricing will be more advantageous.”

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