Despite a decline from January levels, US commercial trailer orders were strong enough to maintain industry backlogs in February, according to ACT Research.
The Columbus, Indiana based research company reported that caution, but not retrenchment, seemed to be the watchword for the trailer industry in February, as the month started softly and then picked up momentum.
“Total new orders for trailers were just under 20,000 units, down eight per cent month over month, while net orders of 18,160 were down 11 per cent,” said Frank Maly, Director-CV Transportation with ACT Research. “Cancellations for most trailer categories continued to be benign,” he added.
The industry ended February with a six per cent increase in inventory.