Trailer orders continue strong performance in October

Trailer orders continue strong performance in October

truck-leaving-generic

Trailer orders continued their strong showings this year in October, coming in at just under September’s record-setting number, according to the data from both ACT Research Co. and FTR.

FTR had trailer orders for October at 53,000 units, up 67% over October of 2017. According to FTR, the strong numbers can be attributed to OEMs taking orders for the second half of 2019, and their customers responding by placing huge orders to reserve future build slots. Supply for production parts and components remains tight.

“The supply chain is struggling to perform well and more trailers are needed to improve delivery times. Fleets are expecting the good times to continue and want to make sure they have an adequate supply of trailers throughout 2019,” said Don Ake, FTR’s vice president of commercial vehicles.

ACT Research’s preliminary estimate for October 2018 net trailer orders is 55,250 units.

“Our projection ranks October as the second-best net order month in history, up more than 70% year-over-year,” said Frank Maly, ACT’s director of CV transportation analysis and research. “Through ten months, net orders are up 55% versus last year, strong evidence of the positive fleet outlook driving robust investment plans. The longevity of the current order cycle is evident with a review of recent history; six of the industry’s top ten order months have occurred since last November.”

You May Also Like

Bestpass announces new integration with Geotab

Geotab customers using Bestpass can now access new toll activity data and reporting features through a single interface

Bestpass-Geotab-integration

Bestpass recently announced a new integrated offering within the Geotab ecosystem that will enable Bestpass customers access to toll data and reporting tools in their Geotab account. Bestpass says that the integration will let fleets and owner operators gain new insight into toll activity to more effectively manage tolls and identify opportunities to reduce toll expenses. 

Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt
Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics
The new Volvo VNL’s connectivity aims to boost productivity, streamline maintenance

Real-time fleet monitoring, remote updates, and extended service intervals for optimized truck performance.

Volvo-connectivity-service-TMC-1400
Pressure Systems International introduces new Geotab Marketplace offering

TireView LIVE integrates with Geotab, providing real-time tire monitoring, analytics and tire management.

PSI-TireViewLive-Geotab-TMC

Other Posts

FTR: Class 8 orders fell in February, up year-over-year

Despite the 9% drop from January, FTR says net orders for February are up 11% year-to-year, according to preliminary data.

FTR-Feb-2024-preliminary-net-orders
ACT Research: Freight capacity decline likely to continue

The latest release of ACT’s For-Hire Trucking Index reflects the slowly progressing freight market recovery.

ACT-for-hire-volumes-Jan-2024
ELFA: January new business volume up 6% Y/Y

Despite falling from December’s high, the association’s earlier predictions of a strong start to 2024 are still on track.

Equipment-leasing-finance-association-monthly-ELFA-MLFI-JAN-24
Class 8 orders strong in February

Even when seasonally adjusted, ACT says preliminary order numbers for February are up 5% over January.

ACT-Class-8-Feb-truck-orders