US market research group, ACT Research has reported that the trailer industry closed March a bit stronger with just over 30K net orders.
“Although off 11 per cent versus a very strong February, volume was up 39 per cent year-over-year,” said ACT Research Director – CV Transportation Analysis and Research, Frank Maly.
“Strong freight demand and tight capacity continue to encourage fleets to invest in equipment, and the positive impact of freight rates on their bottom lines provide them the means to commit. And don’t forget, the recent tax cuts contribute to this equation.
“March was the 16th straight month with year-over-year order gains and eight of ten trailer categories posted year-over-year improvements with most in the plus 40 per cent range.
“On a quarterly basis, Q1 net orders were up 28 per cent versus the same quarter last year.
“Regarding build in March, month-over-month softness may well indicate that OEMs were not able to increase production as much as they might have liked, amid comments heard about tight component supplies. In the coming months, ACT will be closely watching components related to undercarriage, suspensions, axles, and tires,” he said.