U.S. Trailer Orders See Significant Growth In March
Preliminary data from ACT Research shows trailer orders rising 21% (total of 22,100 units) from February this year and a whopping 63% year-over-year. On a seasonally adjusted basis, that percentage is 34% up from February with a total of 23,100 units.
This large increase was somewhat of a surprise, Jennifer McNealy (Director of Commercial Vehicle Market Research and Publications) notes, “given that March marks the cyclical beginning of the weaker order months of the year, this month’s date certainly were a high-side surprise. But McNealy further stated that a key factor in this was shippers pulling orders of goods in advance in relation to potential tariff-related costs.
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