Fleets ordered 3,107 new trailers in May compared to a net of just 209 orders in April when an already softening market collided with the COVID-19 pandemic, ACT Research reported Monday.
The improvement was welcome, but orders still trailed year-ago bookings by 71%. In April, almost all new orders were offset by cancellations of existing orders.
Total new orders in May were 7,400 before accounting for cancellations, 29% above April’s total of 5,700.
“Although up from April’s record low, May’s net...
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