ACT Research shares US trailer order update

US trailer orders grow as order books begin to open but fall short of last year’s seasonal surge.

Net US trailer orders of 28,127 units rose nearly 126 per cent from the previous month. However, they were more than 45 per cent lower compared to September of 2020.

Before accounting for cancellations, new orders of 32.4k units were up almost 140 per cent versus August, but 38 per cent lower than the previous September.

Net orders for the first nine months of 2021 were up 11 per cent, while new orders great 8.0 per cent compared to the same period in 2020 which included Covid-stricken spring data.

“September total net trailer orders grew mainly as the result of a 268 per cent month-over-month surge in dry van orders for the month, as some 2022 order books were very cautiously cracked open,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research.

“It appears that OEMs are being extremely careful regarding acceptance of additional orders, although the caution is more centered in the higher-volume dry van, reefer, and flatbed categories.

“Dry van and reefer OEMs are trying to walk a very delicate line, setting their pricing in a very challenging inflationary environment while also balancing production commitments with component and material availability and staffing concerns.

“Staffing seems to have become a more challenging issue for the industry. Adds to staff are very difficult, while consistent attendance of existing staff is also reported to be problematic.”