FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


ACT Research: U.S. Trailer Net Orders Jumped Nearly 28% in March Y/Y

April 28, 2022, 07:00 AM
Filed Under: Trucking

March net U.S. trailer orders of 37,901 units increased more than 40 percent from the previous month and were nearly 28 percent higher compared to March 2021. Before accounting for cancellations, new orders of 38,400 grew roughly 37 percent versus February, but expanded only about 16 percent from the previous March, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

“While total net orders jumped 40 percent month over month in March, the strength was dry van-centric. A 71 percent sequential surge in dry van net orders accounted for 96 percent of the total industry month-over-month gain,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. “On a year-over-year basis, net orders were up 28 percent, with a similar story to the monthly results. Dry vans, joined by reefers, provided more than the full market improvement, while the other eight trailer categories totaled 1,100 lower on a year-over-year basis.”

He concluded with a discussion of the backlog-to-build ratio, saying, “With OEMs rapidly filling available 2022 production slots [both dry van and reefer BL/BU stretch into December at current build rates], we expect orders and production to travel in lockstep until 2023 orderboards officially open. When that occurs, fleets likely will rush to formalize commitments that are already under discussion and negotiation.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.