Trailer orders rise in March
Net commercial trailer orders in March rose 21 percent from February, while shipments increased 33 percent, ACT Research Co. said.
ACT noted that shipments for the first quarter of 2011 were more than double compared with the same quarter last year.
The company’s State of the Industry: U.S. Trailers reported that all trailer categories are showing substantial improvement compared with the previous year, led by the dry van segment with shipments up 198 percent for the year.
“Net orders have now grown for 18 consecutive months, as well as 19 of the past 20,” said Frank Maly, director CV Transportation Analysis and Research at ACT Research. “Total trailer net orders are now 98 percent above the level at this time last year. Shipments, up 109% year-to-date, are growing at an even stronger pace. Additionally, backlogs continue to grow. The stage is set for solid industry performance for the remainder of 2011 and throughout 2012.”