[Stay on top of transportation news: Get TTNews in your inbox.]
U.S. trailer orders in May fell to the lowest point this year, just clearing 18,000. They also soared above the 2021 period’s volume, which was the lowest for that year, ACT Research reported, citing trailer makers’ preliminary data.
Final May results will be available later in the month.
Orders, buttressed by dry vans, increased 111% to 18,300 compared with 8,676 a year earlier, according to ACT.
ACT Research: May Preliminary US Trailer Net Orders Fall Sequentially, but Gain Against May’21https://t.co/lLhqSjitW2
— ACT Research (@actresearch) June 14, 2022
“We continue to believe there is reluctance to push the order board horizon into next year, as trailer makers continue to closely control order acceptance,” Jennifer McNealy, director of commercial vehicle market research at ACT, said in a release.
FTR also pegged preliminary numbers at 18,300, and noted conditions have changed little from April — the industry continues to face economic uncertainties, geopolitical risks and continued supply chain disruptions.
“Despite economic and supply chain uncertainties, freight growth remains strong. This growth will continue to drive robust fleet replacement demand,” said Charles Roth, analyst of commercial vehicles at FTR.
“We have seen modest improvements made on the supply side. Provided this trend continues, production should remain stable,” he said. “While the prior six months have resulted in dealers struggling to maintain adequate inventory levels, retail demand should also contribute to trailer makers’ confidence heading into the second half of the year.” — Transport Topics
Want more news? Listen to today’s daily briefing below or go here for more info:
