It Looks Like January Trailer Orders are Down by 43%

Net Trailer Orders in the US show that there is some degree of caution in regards to fleet equipment and purchasing plans. Orders have sunk to the lowest total over the last 10 years and for those who work in driver recruitment Ireland, this won't come as a surprise. If you are part of a driving agency Ireland or if you are seeking driving jobs Ireland then you should know that orders have dropped to 15,000 and that purchasing plans have been pared back significantly as well. This is especially the case when you look at the current market conditions.

People are more surprised by the bump in cancellations. These totalled 1,800 in January alone. Production rates even fell to 881 a day when compared to 1,000 in December. ACT expects the rates to return to December levels moving through the rest of the quarter. Trailer makers are now trying desperately hard to find the equilibrium between production and orders.

The backlog, when you combine this with the lower build rate, is now reaching well into August. When you look at how things are on a year-by-year basis, you will see that the backlog is now only 54%. Don Ake has stated that they have come to this huge stopping point. The fleets are good with managing whatever they have now and typically the nature of business is going after even more business. Right now they aren't though and this really does need to be addressed. From 2016 to 2019, 1.2 million trailers were ordered and lower orders had to come at the end of the day. Bosses expected this so it's only right that this is happening. Of course, the numbers should pick up soon because if they don't then there could be trouble ahead.

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