ACT’s preliminary estimate for U.S. net trailer orders for October is 21,050 units—a sequential gain of over 60% for the month. Final October volumes will be available later this month.

“Net trailer orders rebounded strongly in October, following a disappointing September,” said Frank Maly, ACT’s Director CV Transportation Analysis & Research.

“It appears that dry vans provided major impetus last month. Despite the October surge, the 2016-17 order season continues to trail last year’s pace; October volume was approximately 37% behind the same month last year, and our analysis shows year-to-date orders off a similar percentage.

“It’s evident that fleets remain cautious regarding their purchase commitments, continuing to balance their cap-ex plans to current market conditions.”