An 80% jump in orders for refrigerated trailer units helped fuel a 36.7% gain in industrywide orders in July from the same month a year earlier, ACT Research reported. U.S. trailer manufacturers booked 19,283 net orders during the strongest July since 2006, ACT said Aug. 25.
On a sequential basis, orders slipped 12.3% from 21,997 in June, but an ACT analyst said the strong pace is likely to continue.
“Fleets are finally getting some decent rates. It’s going to their bottom line, [and] they’ve got money to invest,” said ACT’s Frank Maly. “The vast majority of demand in the commercial vehicle segment, both truck and trailer, is always going to be replacement. But we’re definitely at a point where additional capacity is in play now.”
Year-to-date, industrywide orders are up 44%. Read more about this article from Transport Topics here.
* On approved credit