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U.S. trailer orders in May skidded compared with earlier months this year and reached only 8,800, ACT Research reported, citing manufacturers’ preliminary numbers.
The impact of supply and staffing headwinds overcame continued strong market demand, according to ACT.
May’s volume was up almost 170% compared with 3,170 a year earlier, which was the second-lowest order intake of all time amid the deepening pandemic.
“With industry backlogs for dry vans and reefers extending well into next year, trailer makers are reticent to continue to book orders that would further extend their delivery horizons,” said Frank Maly, ACT director of commercial vehicle transportation analysis and research. “Some fleets may be unwilling to extend their commitments, as well.”
He said production rates rose, but not as much as trailer makers hoped.
“Until meaningful increases in build rates can be attained,” Maly said, “expect order acceptance by trailer makers to remain somewhat restrained.”
ACT Research: May Preliminary Net Trailer Orders of 8,800 Units Were Down 39% from April but Almost 170% Better Year-over-Yearhttps://t.co/Vj464E2KMS
— ACT Research (@actresearch) June 11, 2021
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