Improving truck trailer orders mean increased production, but according to ACT Research Co. (ACT) backlogs are rising, as well. ACT’s latest State of the Industry: U.S. Trailers noted that backlogs jumped 10 percent in May. The good news for the industry and for the economy is that May’s trailer orders are up 59 percent from the same month last year. Even better, there are few order cancellations, according to ACT, because fleets are seeing a growing demand for their services.
A according to ACT Research Co. (ACT), May commercial trailer net orders were up 59% from the prior year month—“continuing a healthy rebound from a very weak 2009.” Through May, year-to-date net orders for trailers are up 69%, noted ACT.
In the latest release of its State of the Industry: U.S. Trailers, ACT pointed out that order backlogs rose an additional 10% in May.
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