US trailer market performance “disappointed” in September, according to ACT Research.
Net orders of 12,993 units confirmed the company’s forecast published last week, yet conflicted with the seasonable double-digit gain ACT had anticipated.
The September result marked the lowest volume since August 2010, said Frank Maly, Director CV Transportation Analysis and Research at ACT.
“September’s weakness is further indication of fleet reticence toward equipment investment,” he explained.
“The current environment of low freight rates and uneven freight volumes, along with over-capacity resulting from a long run of equipment purchases, is not conducive to short-term capex commitments.”