After recent lackluster performance, trailer order activity in North America posted solid improvement in September. Net orders were up almost 31 per cent month-over month and 22 per cent year-over-year.
Supported by solid production and inventory reduction, total trailer factory shipments were up nearly 65 per cent y/y in September, ACT Research Co.reports. “Production is still outpacing new order intake, despite the improvement in orders in September,” says Frank Maly, Director CV Transportation Analysis and Research with ACT.
“This is reducing the backlog. However, we cannot divorce ourselves from seasonality: orders are always weak and backlogs always fall through the third quarter. On a seasonally adjusted basis, total trailer backlogs have been virtually unchanged since May,” he adds.