Connect with us
ACT-Research-March-Trailer-Orders-600

Heavy-duty

March preliminary trailer orders of 29,500 12% better than February

Advertisement

David Sickels is the Senior Editor of Fleet Equipment. He has a history of working in the media, marketing and automotive industries in both print and online.

Preliminary reports from trailer OEMs indicate that 29,500 new trailer orders were booked in March. That was 12% better than February and more than triple the volume seen last year, when COVID-driven pressures began to meaningfully impact the market, ACT Research says. Final March volume will be available later this month. This preliminary market estimate should be within +/- 5% of the final order tally.

Click Here to Read More
Advertisement

A few large dry van fleets increased their 2021 requirements. In addition, flatbed and other vocation trailer orders remained steady. Orders should moderate in the coming months according to seasonal trends, according to FTR. Several van OEMs are nearly booked solid, and the 2022 order boards have not been opened due to materials and component costs uncertainty.

“Normal seasonal order patterns predict a month-over-month decline in net orders in March, so the rebound from February shows that fleets continue their positive expectations for the remainder of this year and into next,” says Frank Maly, director CV transportation analysis and research at ACT Research. “Initial results point to dry van orders being the major source of strength; after a normal seasonal easing in February, they bounced back to a level similar to January volume. This solid order volume will result in further industry backlog growth. In response to those ever-growing commitments, OEMs have been struggling to increase their production levels. It appears those efforts are beginning to have an impact. This preliminary report shows them achieving a higher daily production rate in March. It also appears that March will post a positive year-over-year comparison for total production, the first positive comparison since July 2019. That being said, staffing challenges and component and material supplies remain a concern as production ramps.”

Advertisement

“Pressure is building up in the trailer market. Backlogs are at record levels and fleets desperately need more trailers,” adds Don Ake, FTR vice president of commercial vehicles. “Capacity is very tight in some areas of the country and spot rates remain near record highs. There have been reports of shortages of flatbed trailers in some regions, as the industrial and housing sectors improve. The trailer market is poised for another vibrant year. Production output is expected to have improved in March and orders beat expectations. The supply chain continues to present challenges, but OEMs are managing the best they can. We expect the supply chain to be better, but not perfect, in the second half of the year, allowing build rates to rise.”

Advertisement

POPULAR POSTS

Sponsored Content

Combating Corrosion – How trailer makers are preventing moisture from leading to higher trailer costs and shorter service life!

Sponsored Content

The Tier of the Tire

Connect
Fleet Equipment Magazine