US market research company, ACT Research, is reporting that the trailer industry closed April a bit stronger with just below 24,000 net orders – the preliminary estimate was 23,100.
“The final result outpaced our preliminary estimate, an indication of the continuing strength in trailer demand, even as we slide from order season to build season,” said ACT Research Director – CV Transportation Analysis and Research, Frank Maly.
“Strength continues to be widespread, with only bulk tanks below last year’s volume,” said Maly.
“The 17th consecutive month of year-on-year order gains was driven by solid freight demand and high freight rates that both encourage and provide the ability for fleets to continue to invest in equipment.
“While our build plan predictions remain unchanged, they are predicated on adequate component supply. We are hearing comments regarding component availability, particularly concern about tires, and these concerns are not surprising given that most truck and trailer OEMs are producing close to full capacity,” he said.