COLUMBUS, Ind. — Following historically strong net order volumes in 2017’s final two months, January U.S. trailer net orders continued the pattern, booking the fifth best order month in history, according to ACT Research.
“Reefers led the way booking that product’s strongest month in history, while total net orders were up 24 percent year-over-year,” said Frank Maly, director–CV transportation analysis and research at ACT Research. “Reefers, liquid tanks, and bulk tanks all posted year-over-year gains greater than 200 percent in January, and we believe this surge is a result of combined strong freight demand, solid rates, tight capacity, and lengthening backlogs.”
Production volumes recovered from December’s holiday-induced doldrums.
“Volume of 23,300 not-seasonally-adjusted units was up 20 percent sequentially and 14 percent year-over-year. Six of 10 trailer categories were up month-over-month, while eight were up year-over-year,” Maly said. “In addition to production returning to more normal levels, January’s daily build rate rose 15 percent month-over-month, resulting in a 7.5-month backlog-to-build ratio. On average, this means the industry is committed past Labor Day.”
ACT is a worldwide publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China.
For more information, visit actresearch.net.