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…
Industry Update (Fall 2018) – Trucking Market Continues Upwards
2018-10-08T06:42:00+00:00Reports 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…
Heavy Duty Industry Update (Spring 2018) – Trucking Going Strong
2018-04-20T06:52:18+00:00Several conflicting political and economic news from super economic powers and others are in headlines. On the global front, there is good news and bad political news such as encouraging news from the Korean peninsula and sad news of chemical warfare in the Syrian front. Business environment continues to be positive in the US. A Commerce…