According to US company ACT research, net orders for trailers jumped 11 per cent month-over-month in September, rising to 16,990 units – equating to a seasonally adjusted annual rate of 224,800 units.
“With September having less workdays than August, a month-over-month decline in total trailer build was a foregone conclusion,” said Frank Maly, Director-CV Transportation with ACT Research. “However, the real story was the daily production rate, which jumped to the third best level of 2012.
“The BL/BU ratio at the end of September was 3.7 months, the lowest level of this recovery. If the normal year-end order flow does not occur, a reduction in production rates will likely be needed in late 2012 or early 2013,” he added.