The continuing rebound for new trailer orders in August aligns with a three-year high in spot freight rates. The coronavirus pandemic leads consumers to buy more goods than services.
FTR Transportation Intelligence reported preliminary U.S. net trailer orders jumped 49% over July posting the strongest activity since October 2019. August orders were 174% above a weak August a year ago.
Trailer orders for the last twelve months now total 191,000 units, FTR said. While encouraging, it pales in...
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