
“With 2020 [trailer] order boards fully open, the dramatic lack of fleet interest continues to astound."
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New trailer orders in the U.S. recovered somewhat from an anemic June, increasing 22% month over-month and showing the first sequential month-to-month increase in nine months, according to ACT Research.
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Trailer orders continued to slide in May as OEMs catch up on building orders from last year. But with few signs that ordering will pick up again this year and a slowing economy, could it mean lower prices for fleets in the future?
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Trailer orders are down this year through April but production levels are near all-time highs as OEMs work through the glut of orders from last year.
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Trailer orders in March fell to the lowest level since late 2016, according to reports from analysts at FTR and ACT Research – but demand's still high.
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In the latest Trailer Components Report from ACT Research, analysts say that trailer orders could be slowing down due to the uncertainty of material and components pricing at future dates.
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January trailer order numbers were down to start the year as fleets and trailer makers are still dealing with the large amount of orders made in 2018.
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Despite a significant drop off in trailer orders to close out the year, 2018 was the best year on record for trailer orders, according to preliminary reports from ACT Research and FTR.
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Trailer orders last month continued at a record-setting pace, with November expected to wind up the fifth best month in industry history.
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Trailer net orders set a record in the third quarter of 2018, driven by strong freight demand throughout the year, according to ACT Research.
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