February Trailer Orders Jump 67.6%
February trailer orders jumped 67.6% from a year ago as fleets moved forward with equipment purchasing plans amid tightening capacity and higher freight demand, ACT Research reported.
U.S. manufacturers received 29,947 net orders last month, the largest total since December 2012. It also was the best February total since 2006.
Last month’s order intake was the highest in a string of five months above the 24,000 mark.
During the five months, October through February, when order activity tends to be strongest, trailer orders were up about 19% from the same timeframe a year earlier, ACT analyst Frank Maly said.
February’s tally also was up 16.6% from the 25,691 orders placed in January.