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Fall 2020 Heavy Duty Industry Update

Fall 2020 Heavy Duty Industry Update

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Year 2020 has been a year of dealing with uncertainty and adapting to the current environment.  Every class of retail sales in the industry saw year over year downfall, likely due to the COVID-19 outbreak.  However, Class 8 market took the most noticeable drop at more than 60% decline in May 2020 compared to last…

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Covid Effect on Trucking (Summer 2020)

Covid Effect on Trucking (Summer 2020)

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We have been moving slowly and nervously through this COVID-19 crisis now for more than 3 months.  We hear the word unprecedented over and over because we have no real experience to look back on, especially involving trucking.  Many trucking companies have adapted and learned how to be flexible, creative, prepared and determined.  But the pandemic has definitely…

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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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