U.S. trailer orders for October soared to 54,200, the third-best month in industry history, according to an ACT Research report. A year ago, orders were 31,786. The all-time record is 58,228, set in September 2018, with that October claiming the second-highest volume with 55,399. Frank Maly, director of commercial vehicle analysis and research at ACT, said, “Current production rates would result in industry backlogs extending into next July. Expect OEMs to adjust build rates upward to take advantage of this positive shift in fleet investment.”

Learn more about your ad choices. Visit podcastchoices.com/adchoices