U.S. trailer orders for October soared to 54,200, the third-best in industry history, ACT Research reported, citing trailer makers’ preliminary market estimate.
A year ago, orders were 31,786. The all-time record is 58,228, set in September 2018, with that October claiming the all-time second-highest volume with 55,399.
“Current production rates would result in industry backlogs extending into next July. Expect OEMs to adjust build rates upward to take advantage of this positive shift in fleet investment,” Frank Maly, director of commercial vehicle analysis and research at ACT, said in a release.