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Sunday, June 23, 2024

Trailer Industry Net Orders Up 7% M/M in June

COLUMBUS, IN – Nearly 15,400 net trailer orders were received in June, up 7% from May. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).

“June’s cancellation rate was only half of that posted in May,” said Frank Maly, Director-CV Transportation with ACT Research. “It appears that fleets are standing firm with their order commitments,” he added. There is normally a jump in production in the last month of a quarter, and that definitely occurred in June, according to Maly: “Build reached the highest daily rate since December 2006.”

ACT is the worldwide leading 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. 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 on ACT, please visit http://www.actresearch.net.