Net US trailer orders of 26,414 units fell nearly 16 per cent from the previous month but rose almost 88 per cent compared to February of 2020 according to ACT Research.
Before accounting for cancellations, new orders of 28.3k units were down 14 per cent versus January, but 74 per cent better than the previous February.
“Although it seems many OEMs are fully committed for dry vans and reefers this year, negotiations with fleets continue,” said ACT Research Director – CV Transportation Analysis and Research.
“While orders will continue to be booked, without meaningful increases in production rates, backlogs will remain extended.
“Although not official, the backlog-to-build ratio points to a defacto opening of 2022 orderboards by several OEMs, although one has publicly indicated that they are pausing further order acceptance in the short-term.”