OEMs surmount supply disruptions, trailer demand endures

OEMs surmount supply disruptions, trailer demand endures

August net US trailer orders of 17,777 units were 4.6% higher compared to last month, but more than 37.7% above the year-ago August level, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.

“Discussions across the past month indicate more OEMs opening 2023 build slots, some opening initial slots, others expanding into later in the year. OEMs continue to negotiate with fleets, and those efforts are quickly moving to booked business,” Jennifer McNealy, director–CV market research and publications, ACT Research, said. “While manufacturers continue to wrestle with rolling supply-chain disruptions, as well as challenges on the labor front, tangible improvements are being made.

“OEMs are investigating longer-term supply solutions, including but not limited to increased parts inventories and automation to offset labor pains, in hopes of getting ahead of potential future disruptions,” she continued. “Demand remains strong, cancellations remain insignificant as fleets in queue plan to stay in line, and we’re beginning to hear about price stabilization accompanying the smoother flow of materials in the supply chain.”

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments. It is accompanied by a database that gives historical information from 1996 to the present, as well as a ready-to-use graph packet, to allow organizations in the trailer production supply chain, and those following the investment value of trailers, trailer OEMs, and suppliers to better understand the market.

You May Also Like

Transervice Logistics gets new VP of Northeast operations

Marc Fried will be VP responsible for maintenance and full-service lease operations in the Northeast.

Transervice Logistics has named Marc Fried its vice president of Northeast operations. In this new role, Fried will have responsibility for maintenance and full-service lease operations in the Northeast territory including The New York Times, Verizon, Bimbo, DHL Express, Wakefern, Feldman, WB Meyer, and Dennison Lubricants.

Fried was most recently director of operations for American Expediting Company, a healthcare logistics and medical courier. Prior to that he was regional operations director for modular space solutions company, WillScot, and director of operations for Ryder Systems.

How Decker Truck Line leverages technology to improve operating efficiency

Company ownership remains under the Decker family lineage with Dale Decker’s grandson, Donald, serving as chairman of the board and Donald’s son Dale enlisted as CEO.

Decker-Truck-Line---Mt.-Rainier,-WA-1400
Rockview Farms deploys Volvo LIGHTS project’s final two VNR Electric trucks 

Volvo Trucks deployed its first Class 8 Volvo VNR Electric trucks to fleet operators in 2019.

Economic downturn could be less severe according to latest data

Data from ACT Research reports the potential for limited interest rate increases.

finance-generic
Leasing and Finance Index new business volume for November up y/y

Volume was down 24% from $11.3 billion in October. Year-to-date, cumulative new business volume was up 6% compared to 2021.

Equipment-Leasing-and-Finance-Association’s-survey-of-economic-activity-1400

Other Posts

December Class 8 intake caps off a robust final four months

At 30,300 units, December Class 8 orders show a positive progression moving into the new year.

Penske-Truck-Leasing-Freightliner
A new standard for diesel power is set in California

In 2021, California was the sixth fastest growing state for registrations of these new technology trucks, adding nearly 30,000 new units since 2020.

dtf-logo-1400
Peterbilt of Atlanta announces eighth location

The new location will allow Peterbilt of Atlanta to better serve its customers along the Interstate 16 corridor in Georgia.

Used Class 8 retail sales dropped 19% in November

Longer term, average price and miles were higher y/y, with age up 7% y/y.

Onfleet_6_generic