Despite declining from January levels, February commercial orders were strong enough to maintain industry backlogs, according to latest State of the Industry: U.S. Trailers, published by ACT Research Co. (ACT).
Caution, but not retrenchment, seemed to be the watchword for the trailer industry in February, as the month started softly and then picked up momentum.
“Total new orders for trailers were just under 20,000 units, down 8% month over month, while net orders of 18,160 were down 11%,” said Frank Maly, Director-CV Transportation with ACT Research.
“Cancellations for most trailer categories continued to be benign. The industry ended February with a 6% increase in inventory.”