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Preliminary reports show U.S. trailer net orders closed the year on a softer note, with trailer makers booking 26,600 units in December.
That was 17% lower than November’s 32,103 and 40% below the previous December’s volume of 43,806, ACT Research reported.
“Even with the lower December order volume, preliminary results point to month-over-month growth in industry backlog as the year closed, and it appears that 2022 production slots are now committed through August, at current build rates,” Frank Maly, director of commercial vehicle analysis at ACT, said in a release.
ACT Research: Preliminary U.S. Trailer December Net Orders Were 26,600 Units; 2021 Closes On A Softer Notehttps://t.co/ALHnfCGDb6
— ACT Research (@actresearch) January 12, 2022
ACT’s preliminary report puts the full-year 2021 net orders at almost 248,000 trailers, down about 17% compared with 2020.
“The decline is entirely the result of supply chain and staffing issues, as OEM output continues to trail actual fleet demand,” Maly said.
FTR pegged preliminary orders at 26,500.
“It appears that a labor shortage at domestic suppliers is now the No. 1 constraint,” Don Ake, vice president of commercial vehicles at FTR, said in a release.
He noted the flow of commodity materials improved, and even imported parts deliveries have increased.
“The employment level at the trailer makers, too, is also a significant issue,” he said. “At least one trailer maker is offering $1,000 sign-on bonuses for all factory workers. It is anticipated that trailer build will increase steadily once the labor constraints loosen up.” — Transport Topics
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