Subscribe to our free, weekly email newsletter!


ACT reports commercial trailer net orders and shipments are on the rise

By Jeff Berman, Group News Editor
April 29, 2011

Commercial trailer net orders and shipments in March saw significant gains compared to February, according to data from ACT Research Co., a provider of data and analysis for trucks and other commercial vehicles.

In its most recent edition of ACT’s “State of the Industry: U.S. Trailers,” the firm said that net orders for trailers in March were up 21 percent from February and shipments in March were up more than 33 percent.

ACT also reported that trailer shipments for the entire first quarter were up 109 percent on an annual basis. 

“Net orders have now grown for 18 consecutive months, as well as 19 of the past 20. Total trailer net orders are now 98% above the level at this time last year,” said Frank Maly, Director CV Transportation Analysis and Research with ACT Research, in a statement. “Shipments, up 109% year-to-date, are growing at an even stronger pace. Additionally, backlogs continue to grow. The stage is set for solid industry performance for the remainder of 2011 and throughout 2012.”

In a recent interview with LM, ACT President and Senior Analyst Kenny Vieth said that truckers continue to universally say that they are not adding capacity. But he pointed out that there is a difference between adding capacity and getting capital expenditures back to where it needs to be.

“Generally, truckers have been at below maintenance level capex for the past two or three years,” said Vieth. “Ultimately, it is payback time, as trucks need to be replaced. In addition to the domestic side of the story, the order activity is broad-based, with all of the OEMs participating in all of the North American geographies and not just the U.S. Canada and Mexico are strong right now, as are non-NAFTA markets that are ordering trucks like crazy. It is broad-based, and we are seeing the same thing in the trailer market, with U.S. trailer orders being very robust over the past few months.”

For related stories, please click here.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

The Department of Transportation’s Bureau of Transportation Logistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in December 2014 was up 5.4 percent annually at $95.8 billion. This marks the 11th straight month of annual increases, according to BTS officials.

While the volume decline was steep, there was numerous reasons behind it, including terminal congestion, protracted contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union, and other supply chain-related issues, according to POLA officials.

Truckload rates for the month of January, which measures truckload linehaul rates paid during the month, saw a 7.9 percent annual hike, and intermodal rates dropped 0.3 percent compared to January 2014, which the report pointed out marks the first annual intermodal pricing decline since December 2013.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA