US trailer orders fell nearly 14 per cent month-over-month in May and contracted 10 per cent on a year-over-year basis, according to new data by ACT research.
“New orders continued to ease in May, following seasonally projected patterns, but fleets continue to bias their investments to trailers,” commented Frank Maly, Director, CV Transportation Analysis and Research, at ACT.
“The market is being driven by large fleets, as small to medium fleets are tending to remain on the sidelines.
“That said, large players are not immune to market pressures, as anecdotal information indicates that negotiations for the upcoming order season are starting to bog down.”
He added that caution over current and anticipated market conditions and fleet financials are beginning to be expressed.