Heavy-Duty Truck Orders Hit a Record Pace
Trucking companies ordered big rigs at a record pace in the first quarter, racing to meet growing demand in a red-hot U.S. freight market.
Fleets ordered 133,900 heavy-duty trucks in the first three months of the year, nearly double the orders from the first quarter of 2017, analyst group FTR said in a report released Tuesday. The report included final numbers for January and February and a preliminary estimate of 46,300 new orders in March.
The ordering extends a strong move to build up trucking capacity that began in the middle of last year as the U.S. economy picked up steam.
Fleets “are getting calls to move shipments and they can’t do it because they don’t have the capacity,” said Don Ake, FTR’s vice president for commercial vehicles, in an interview Wednesday, adding, “The last three months, they’re ordering trucks and trailers like crazy to try and get the capacity.”
Comments are closed