Trailer orders for March saw a decline month-over-month and year-over-year, according to data from ACT Research and FTR Transportation Intelligence.
ACT said preliminary net trailers orders dipped “nominally” from February, coming in at 13,600, whilst FTR said March trailer orders declined by 7,659 units from February, a 38% month-over-month decline to 12,313 trailers.
U.S. trailer net ordersACT Research
In a year-over-year comparison, ACT said March orders decreased by 24%, while FTR indicated an 18% decline, leaving trailer orders 25% below the average for the last 12 months.
Jennifer McNealy, ACT director of CV market research and publications, said that compared to the data from a year ago, which was influenced by pent-up demand that has since been fulfilled, the current trend shows a more subdued level of order intake. However, this subdued activity aligns with expectations, she said.
This also echoed FTR chairman Eric Starks’ comment in early April on how despite order levels in March being “below the historical average,” it remained in line with seasonal trends.
