New U.S. trailer orders of 16,800 were down 9 percent month-over-month in January, and after accounting for cancellations, net orders of 15,000 dropped 15 percent. Longer-term comparisons show net orders down 28 percent year-over-year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.

“Fleets continued their conservative investment posture in all equipment categories in January,” said Frank Maly, Director–CV Transportation Analysis and Research at ACT Research. “Discussions indicate that the winds of weaker freight volumes and lower rates continue to buffet fleet financial results. They are also seriously questioning their need for additional equipment, as many indicate that capacity constraints dissipated many months ago.”

Maly continued, “An indication of fleet investment retrenchment was heard at the recently completed ACT Seminar #62, where one fleet panel participant indicated that they will not be adding any equipment to their operations this year. That appears to be a common stance of many fleets for 2020.”

ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build, inventory, new orders, cancellations, net orders, and factory shipments.