Truck-Factory Backlogs Soar on Heavy Demand for Big Rigs
By Jennifer Smith | July 5, 2018 5:30 a.m. ET
Truck owners stepped up orders for big rigs at a time when buying typically slows, pushing backlogs at factories to the highest levels in nearly two decades.
Fleets ordered 42,200 trucks in June, more than double the number they bought in the same month a year ago, according to preliminary figures from ACT Research, and 18.5% more than they ordered in May.
“We’re expecting in June that the backlog will rise to a level we haven’t seen since about 1999,” said Kenny Vieth, president of Columbus, Ind.-based ACT. The backlog-to-build ratio was about 9.6 months at the end of May, he said, meaning most trucks ordered in June won’t arrive until the first half of 2019.
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