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ACT Research: U.S. trailer industry sets net order records in Q3

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COLUMBUS, Ind. — The U.S. trailer industry set net order records throughout the third quarter with both July and August being the strongest months, respectively, in industry history, according to this quarter’s issue of ACT Research’s Trailer Components Report.

The quarter closed with the industry posting the strongest monthly net order volume in history, with more than 58,000 net orders posted in September.

That was more than 11,000 stronger than the previous record set in October of 2014.

The strong OEM orderboard and the resulting trailer production rates will continue to challenge industry component and material suppliers during the upcoming months, according to Frank Maly, director-CV transportation analysis and research at ACT.

“Strong freight demand and tight capacity have combined to support both contract and spot rates. Extremely positive fleet financial performance is the result, providing both the need and ability to continue strong levels of equipment investment,” Maly said. “Solid orders are not just a short-term phenomenon, as five of the top ten order volume months in industry history have occurred in the last four quarters.”

Maly said cancellations continue to be minimal. Industry backlogs now stretch well into second quarter of 2019 so fleets realize that backing away from any trailers currently on the orderboard might result in equipment delivery sometime next summer, “or later.”

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets.

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Class 8 build rate: When change comes, it’s likely to come fast

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ACT’s forecasts have targeted third quarter 2019 as the quarter in which the supply of Class 8 tractors and demand for freight services were likely to tip so far as to break the current period of peak vehicle production. (Courtesy: ACT RESEARCH)

COLUMBUS, Ind. — According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, current Class 8 build rates suggest upside to the 2019 forecast, but large new truck inventories and deteriorating freight and rate conditions suggest erring on the side of caution remains the right call: When the change comes, it is likely to come fast.

“Since March 2018, ACT’s forecasts have targeted third quarter 2019 as the quarter in which the supply of Class 8 tractors and demand for freight services were likely to tip so far as to break the current period of peak vehicle production, as demand reverts to the mean,” said Steve Tam, ACT’s vice president. “Current data and anecdotes make a strong case that the call for a third quarter 2019 inflection point expectation remains intact.”

Regarding heavy vehicle demand, Tam said, “At the heart of our cycle duration prediction, carrier profitability and production peaks always lag the freight cycle, so capacity building always accelerates relative to freight growth at exactly the wrong time. Hence, cycle duration ultimately comes down to timing and excluding the pre-buy and housing bubble impacted 2004-2006 cycle, peak of cycle build rates has historically lasted between 13 and 15 months. For this Class 8 cycle, we date peak build rates to June 2018, so we are currently in 12 months.”

Regarding ACT’s medium duty forecasts, Tam said slower orders are negating upward pressure previously exerted on the forecast.

“For trucks, segment analysis preliminary May orders were more than 2,500 units below the 12-month trend, with similar developments in the bus and RV segments leading to a like comparison for the total Classes 5-7 market,” he said.

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies.

More information can be found at .

 

 

 

 

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Double Coin and CMA say Thailand facility now at full capacity

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Built on a 3.6 million square-foot site, the Thailand facility has the capacity to manufacture over 1.8 million TBR tires as well as over 50,000 OTR tires. (Courtesy: DOUBLE COIN AND CMA)

MONROVIA, Calif. — Double Coin and CMA, a tire manufacturer and marketer say their Thailand manufacturing facility is now working at full capacity to produce over-the-road (OTR) and truck bus and radial (TBR) products.

“Our new Thailand manufacturing facility has full OTR and TRB availability and the production capacity to fulfill container-level orders,” said Tim Phillips vice president of marketing operations for Double Coin/CMA. “Not only does this production facility have the capacity to meet the demand for commercial tire products, we are offering them at competitive prices since they are not subject to anti-dumping and countervailing duties or tariffs penalties associated with products produced in China. With many of our competitors having to rely on China alone, Double Coin customers will be in an excellent purchasing position in the face of product shortages and higher prices from China.”

Phillips said some U.S. suppliers claim they have production availability in Vietnam or Thailand, but it remains to be seen if older plants in these areas that are already running at full capacity can offer any additional TBR and OTR products.

“The combination of our new state-of-art manufacturing facility and warehousing in Thailand where we can offer very competitive pricing, Double Coin is emerging as the clear choice for TBR and OTR tire products,” Phillips said.

Built on a 3.6 million square-foot site, the Thailand facility has the capacity to manufacture over 1.8 million TBR tires as well as over 50,000 OTR tires. The entire plant is controlled by the Manufacturing Execution System (MES) and is integrated with the SAP management system. Plans for expansion at the Thailand facility are currently underway.

“In addition to our production capacity at our Thailand facility, we currently have full capacity of Double Coin tires at our five warehouses in Memphis, Tennessee, Rancho Cucamonga, California, Vancouver, British Columbia, Canada, San Jose, Costa Rica, and Queretaro, Mexico,” Phillips said.

For more information about Double Coin Tires, visit .

 

 

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CarriersEdge expands library of training courses

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The “Practical Cargo Securement” course is considered the gold standard guide for cargo securement in North America. (Courtesy: CARRIERS EDGE)

MARKHAM, Ontario, Canada — CarriersEdge, a provider of online driver training for the trucking industry, has expanded its library of training courses.

The company recently added two courses in its Practical Cargo Securement library, plus a bloodborne pathogens and a spotted lanternfly course.

CarriersEdge also said it has added Spanish versions to two existing courses — “Lift Truck Operator Skills” and “Distracted Driving.”

The new courses for cargo securement — on securing paper rolls and concrete pipes — expands the list of cargo securement courses CarriersEdge offers to 10. All CarriersEdge cargo securement courses are based on the Practical Cargo Securement handbook published by Techni-Com.

“Practical Cargo Securement is considered the gold standard guide for cargo securement in North America,” said Jane Jazrawy, CarriersEdge co-founder and CEO. “Through our partnership with Techni-Com, CarriersEdge is the only driver training provider with exclusive rights to generate courses on its contents. This allows us to develop meaningful courses that help drivers improve their load securement practices.”

The “Requirements for Paper Rolls” securement course details the special requirements needed to transport one or more paper rolls with a combined weight of 5,000 pounds or more. The course covers the importance of correctly restraining paper rolls, describes the common methods to properly secure paper rolls, as well as how to secure paper rolls with different orientations.

The “Requirements for Concrete Pipes,” course details special requirements needed to transport one or more concrete pipes loaded onto a flatbed trailer, using the loading method of ‘eyes crosswise’ to prevent rolling. The course breaks down the importance of correctly securing concrete pipes, devices used to properly fasten concrete pipes and things to consider before loading concrete pipes onto a trailer. The course also includes techniques on how to properly secure concrete pipes on a flatbed trailer.

Also new to CarriersEdge subscribers is a course on bloodborne pathogens, titled “Bloodborne Pathogens Safety Awareness.” This course is designed to help drivers understand the hazards associated with bloodborne pathogens and provide guidance on how to stay safe in potential exposure areas. Bloodborne pathogens are disease-causing micro-organisms that are transmitted through bodily fluid. After completing the course, drivers will be able to identify major bloodborne pathogens, how they are transmitted and what to do if exposed. Drivers will also learn ways to minimize the spread of an infection, and how to properly dispose of contaminated material.

For those travelling through the Northeast region of the U.S., the “Preventing the Spread of Spotted Lanternfly” course CarriersEdge now offers teaches drivers how to identify a spotted lanternfly in different stages of its lifecycle, the threat spotted lanternfly poses, and how to kill, remove the eggs and report a spotted lanternfly sighting. The course also explains how to avoid having the insect attach to your vehicle and where it might “hide.” The spotted lanternfly is indigenous to parts of Asia, but has recently been found primarily in Pennsylvania, where there is a quarantine. The invasive insect is considered a threat to vegetation and valuable crops in the area.

Lastly, CarriersEdge continues to offer courses in other languages. “We just added Spanish versions for our “Lift Truck Operator Skills” and “Distracted Driving” courses,” said Jazrawy. “Our goal is to help fleets become safer, and these additions are great resources for our clients to achieve that.”

 

 

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