There are projections by the company of a leveling but it’s not imminent.
Also in today’s issue: a beating shows the dangers to truckers, even off the road; an Indian company looks to disrupt that company’s trucking sector.
Werner Enterprises (NASDAQ: WERN) presented a market update at Morgan Stanley’s 6th annual Laguna conference on September 12, where John J. Steele made his predictions for the upcoming peak season and addressed issues and solutions related to the capacity crunch, e-commerce, and the potential impacts of Hurricane Florence on the market.
With OEM deliveries of new trucks restrained, it means that used truck sale prices are holding up.
The story is clear: sales of all U.S. trucks has trended up for most of the year, new and used.
Used truck prices are up sharply; C.H. Robinson isn’t worried about tech startups; CSX cuts costs and grows bottom line by 50%; Hapag-Lloyd bullish despite losses; CA makes pot shippers report to the Feds; the American economy isn’t overheating… yet.
Prices for used vehicles are expected by the company to stay flat for the remainder of the year.
Used truck prices strengthen; trailer orders go crazy; Arizona suspends Uber self-driving; Canadian National trades at 52-week lows; aftermath of Harvey still affects Houston tanker traffic; Philadelphia freight market is heating up.
