Trailer Order Volume Strongest Since March 2006: ACT
Jan 28, 2013 1:14 PM
Following a modest pullback in November, the trailer industry closed 2012 on a strong note as December saw new orders rise to the highest level since March 2006, while cancellation activity remained at modest levels, according to the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).
New orders rose 38% month-over-month from November to 31,586 units. Trailer shipments for the full year were up almost 13%.
“The fact that orders strengthened in the face of the fiscal cliff speaks to the strength of underlying trailer demand and the ongoing health of trucking fundamentals,” said Frank Maly, Director-CV Transportation with ACT Research.
“We believe that rising consumer and business confidence will bode well for continued strength in trailer demand in 2013.”
bsolutely true, just take a look at Yellow Freight and Swift earnings and bullentins to now the hauling of goods is on rise. I have a strong suspicion that IDSY will not only beat earnings but will raise guidence for the year. The stock will touch $8 by mid year or earlier and $10 by last quarter. Maybe additional buyback of $1,000,000 worth of shares night be in order.
winning business, debt-free...i know everybody wanted to take their ball and go home after the zip purchase, but idsy seems to be rolling along just fine. income from avis + new wins should make the balance sheet look a lot nicer as well.
They don't give guidance which is one reason the street hates them.
AI margins appear to be lower than VMS margins. We haven't gotten a raise from WalMart and they make up 30% of AI revenue. As such, any raise by any or all of the other customers is muted. The income is steady and helps to smooth out revenue. Absent Avis, growth in the companies revenue will be lucky to see 8%.