"Every trailer category posted month-over-month gains in build," says Frank Maly, director, CV transportation with ACT Research. "Coupled with the modest drop in orders, the total industry backlog fell just over 1% month-over-month. Despite incremental softness, the backlog was up 17% compared to year-ago levels. Industry backlogs remain supportive of current production levels."
Quarterly profit for parcel delivery and trucking company FedEx Corp., topped $1 billion once again.