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With 2021 truck order backlogs filled, and 2022 orderbooks not fully opened, orders continue to align with expectations driven by the supply of open build slots.
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ACT Research predicts that electrification of the Class 4-8 commercial vehicle market in the U.S. and Canada will top 40% by 2040. HDT sits down with ACT's Jim Meil to dig into the report.
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Constrained Class 8 production and tight vehicle inventories are likely to limit the pace of recovery for the low driver availability, ACT officials said.
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Net trailer orders for March rose between 6.4 and 12% over February numbers, to between 27,400 and 29,500 units, FTR and ACT Research reported.
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While significantly more trucks are needed to handle freight growth, truck production continues to be limited by shortages of semiconductors and various other components, FTR reports.
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Preliminary North American Class 8 net orders were 44,000 units, up 4% compared with January orders, FTR reported.
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For the second straight month, ACT Research's Driver Availability Index has logged the tightest reading in its three-year history.
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Preliminary reports indicate trailer orders in January fell about 34 percent compared to December 2020 orders, according to ACT Research and FTR.
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North American Class 8 order numbers in January were between 42,200-42,800 units, down between 17% and 18% from December.
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U.S. trailer orders maintained a healthy, four-month long order trend as 2020 closed out.
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