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COVID-19 Pandemic & Market Woes (Spring 2020)

COVID-19 Pandemic & Market Woes (Spring 2020)

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The world has adapted and survived various ups and downs over decades, however the COVID-19 pandemic is the biggest challenge for lives of people, the way we live and world economies.  Current pandemic is creating more than just fear of catching the virus, it is impacting the commercial trucking industry severely.  With all forms of transportation being…

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Spring 2020 Heavy Duty Industry Update – How Bad Can It Get?

Spring 2020 Heavy Duty Industry Update – How Bad Can It Get?

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Not so long ago, forecasts for the 2020 truck and trailer market were that we should expect a “correction.”  The strong 2019 market began to lose its luster in the final months of the year and opened 2020 as expected, without a bang.  But how much worse it has actually become, could not have been forecasted.  The unprecedented…

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Industry Update – Watching the Market

Industry Update – Watching the Market

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The high-expectations for orders in the Class 8 market have leveled out to a more modest strength,   November booking less than October by 4400 units.  Medium duty markets as well showing weakness in demand, caused by lower orders, falling backlogs and overstocked inventories.   Trailer supply has nearly caught up with trailer demand, sending ordering levels into a flat…

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Tariff, Tariff and More Tariff???

Tariff, Tariff and More Tariff???

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Three significant issues for the next few months are: Whether the Fed will tighten for the fourth time this year at the Federal Open Market Committee (FOMC) meeting, and how hawkish it sounds How aggressively President Trump pursues his trade war agenda The amount that China will invest to stimulate its economy. $175 billion has…

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Industry Update (Fall 2018) – Trucking Market Continues Upwards

Industry Update (Fall 2018) – Trucking Market Continues Upwards

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Reports heralded the positive economic indicators for September 2018, but trade war, tariffs and rising prices are significant concerns. A closely watched survey on U.S. consumer sentiment hit a high range in September achieved only two other times since 2004. A recent study indicated that the rate of manufacturing growth in the U.S. slowed last…

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