Trailer orders fall: soft commercial demand
According to Americas Commercial Trucking (ACT) Research, recent softness in trailer industry orders continued in June, 2012.
ACT says this is a further reflection of the recent soft patch in commercial vehicle demand. Despite the decline from May, order volume was up almost 4% year-over-year.
“Total production grew 3% for the month, but jumped 8% on a per day basis, as June schedules had one less workday than May,” said Frank Maly, director-CV Transportation with ACT Research.
“Soft orders combined with increased production to shrink industry backlogs by 7% during June. The industry ended the month with backlogs of just over 104k units. The industry typically works off backlog throughout the late spring and summer months, so that decline was anticipated.”
For more information visit http://www.actresearch.net.