We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Freight industry drives hot demand for trailers as capacity stays tight

Freight industry drives hot demand for trailers as capacity stays tight

But manufacturers struggle to set prices and production levels thanks to supply chain kinks, ACT says.

ACT Screen Shot 2022-04-13 at 3.15.40 PM.png
April 13, 2022
Supply Chain Quarterly Staff
No Comments

As the freight sector grapples with a stubborn space crunch in trucking capacity, the industry in March drove demand for new equipment that pushed net trailer orders for the month to their highest level since December 2020, a report shows.

Preliminary measures show that the bookings of 37,900 units were up 40% month-over-month and 28% better year-over-year, according to transportation sector analysis firm ACT Research.

However, that spike in demand masked heavy variability in production levels between different original equipment manufacturers (OEMs), the Columbus, Indiana-based firm said.

“Our discussions this month revealed a variation in order acceptance strategies across the industry. Some OEMs noted that their extremely low order volume was the result of a ‘sell-out’ of their projected available production slots for the remainder of the year. Others, accepting higher order volumes, were in the process of filling their remaining production capacity for 2022,” Frank Maly, Director CV Transportation Analysis and Research at ACT Research, said in a release.

A likely explanation for the scattered pattern was that manufacturers are feeling the pinch of disruptions to their procurement supply chains, making it difficult for them to feel confident in economic forecasts.

“Also mentioned was an unwillingness to officially open 2023 orderboards, with concerns about setting pricing the major challenge,” Maly said. “A positive development was indication that some supply-chain relief was beginning to be felt. Final figures for the month will likely reveal total industry backlog now stretching into December at current production rates, heavily influenced by dry van and reefer commitments that basically fill their year.”

ACT Research: Preliminary US Trailer March Net Orders of 37.9k Surge 40% From Februaryhttps://t.co/1YmkckzMJC

— ACT Research (@actresearch) April 13, 2022
Trucking
KEYWORDS ACT Research Co.
  • Related Articles

    Global air freight market sees tight capacity as travelers stay home

    Driver shortage forces tight freight market as pandemic impacts linger

    Alert Innovation jumps to expanded HQ site to meet hot demand for AS/RS

Recent Articles by Supply Chain Quarterly Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

WiseTech buys New Hampshire drayage and trucking visibility software firm for $230 million

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • Five levers to build a resilient supply chain

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing