Solid Class 8 orders in November still marked the second straight month of decline as backlogs grow and supply and labor issues persist.
As supply chain logjams lessen, improving new truck production levels put downward pressure on used truck prices.
Uncertainty in the supply chain and commodity price vagaries are stretching out trailer orders beyond traditional cycles.
After nearly a year of accepting only orders they were sure they could build, heavy-duty truck OEMs fully opened orderbooks in September.
urricane season can frequently — and unexpectedly — change the trucking dynamic. Part of this involves the positioning of equipment in anticipation for hauling FEMA freight.
The outlook for trucking companies buying new or used Class 8 trucks can best be described like a 2005 Facebook relationship status — “It’s complicated.”
Truck manufacturers began to fill build slots for the first quarter of 2023 in August but pent-up demand for equipment remains unstated.
The second FreightWaves Autonomous and Electric Vehicles Summit will feature leaders in autonomy and all things electrification.
Rusty Rush not only operates more truck dealerships than anyone on the planet, he also knows technology. And he has opinions on just about everything. So, buckle up. It’s Rush hour.
Lego bricks can help explain a lot of things, including a very messy supply chain. Penske Truck Leasing’s Paul Rosa got creative .
