Subscribe to our free, weekly email newsletter!


ACT reports strong trailer growth in February

By Jeff Berman, Group News Editor
March 25, 2011

Class 8 vehicle commercial trailer net orders increased more than 25 percent—to 21,990—in February over January, according to data from ACT Research Co., a provider of data and analysis for trucks and other commercial vehicles.

In its most recent “State of the Industry: U.S. Trailers” report, ACT said all nine of the trailer categories it tracks posted annual gains for net orders and shipments, with Dry Van net orders up more than 90 percent and shipments up nearly 225 percent.

“The ramp-up in orders that we’ve been tracking has continued into 2011. Year-to-date, total net orders are up over 87 percent compared to 2010”, said Kenny Vieth, president and senior analyst with ACT Research, in a statement. “Shipments are up an even stronger 116 percent when compared to the first two months of 2010. Strong orders and rising backlogs set the stage for solid industry performance during 2011.”

In a recent interview with LM, Vieth said that “all the stars are aligning” when it comes to Class 8 demand and the current environment.

As 2010 progressed, Vieth said there was a continued shrinkage of Class 8 fleets, with fewer Class 8 trucks on the road at the end of 2010 than there were at the beginning of 2010.

“We had growing freight volume throughout 2010, especially in the first half of the year,” said Vieth. “With freight growing and the tractor supply falling, trucker profitability rose. And used truck prices went up throughout the year. In December 2009, the average used truck price was roughly $35,000-to-$36,000, and at the end of 2010 that price was more than $43,000.”

For related articles, 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

When railroads are doing business with a larger than large customer like UPS, it stands to reason, it can often be the best, and worst, of both worlds, depending on how things are going. That was one of the main takeaways from a presentation by UPS Vice President of Corporate Transportation Services Ken Buenker at this year’s RailTrends conference in New York.

While many market conditions are working against shippers, the most recent edition of the Shippers Condition Index (SCI) from freight transportation consultancy FTR shows that things may be improving, albeit slowly.

Newsroom Notes takes a look at some of the biggest stories and themes in logistics for 2014.

Even though China’s costs have risen and the U.S. has now surpassed Mexico as the preferred locale for relocating offshored manufacturing, advantages can be fleeting and the challenges great

Memphis-based FedEx reported solid fiscal second quarter earnings results today. Quarterly net income of $616 million was up 23 percent annually, and revenue, at $11.9 billion, was up 5 percent. Operating income at $1.01 billion was up 22 percent.

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA