COLUMBUS, Ind. — New and net trailer orders significantly disappointed in September, conflicting with a seasonally-anticipated double-digit gain, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co.
Net orders posted were 12,993, marking the lowest volume since August 2010.
“September’s weakness is further indication of fleet reticence toward equipment investment,” said Frank Maly, Director–CV transportation analysis and research at ACT. “The current environment of low freight rates and uneven freight volumes, along with over-capacity resulting from a long run of equipment purchases, is not conducive to short-term capex commitments.”
ACT is a worldwide publisher of new and used commercial vehicle (CV) 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.
For more information on ACT, please visit http://www.actresearch.net.