Trailer Orders Gain Strength in September
October 24, 2012
Net orders for trailers jumped 11% month-over-month in September, rising to 16,990 units. That is a seasonally adjusted annual rate of 224,800 units.
This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co.
"With September having four fewer workdays than August, a month-over-month decline in total trailer build was a foregone conclusion," said Frank Maly, director-CV Transportation with ACT Research.
"However, the real story was the daily production rate, which jumped to the third best level of 2012. The BL/BU ratio at the end of September was 3.7 months, the lowest level of this recovery. If the normal year-end order flow does not occur, a reduction in production rates will likely be needed in late 2012 or early 2013," he added.