According to Americas Commercial Trucking (ACT) Research, the start of the second half of 2014 continued to reflect the strength of the first six months with July net orders of 19,280 trailers, up 37% year over year. Year-to-date net orders of 179k are up 44% over the same period last year.
“Although orders declined 12% month over month, that was in line with seasonal expectations,” said Frank Maly, director CV Transportation Analysis and Research at ACT.
Maly said that although cancellations have gradually trended upward the last few months, they have not reached a level of concern. Most trailer categories posted cancellation rates in the low-to-mid single digits.
“Long lead times will continue to be the norm, as backlogs currently commit production for the remainder of this year,” he added.
For more information visit http://www.actresearch.net.