Posted on Aug 19, 2018
Trump ‘Boom’ Sparks Record-Breaking Backlog Of Big Rigs
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https://www.infowars.com/trump-boom-sparks-record-breaking-backlog-of-big-rigs/
North American freight-haulers ordered over 300,000 Class 8 trucks through July of this year, and are on track to order a record 450,000 of the heavy-duty haulers for the full year, according to ACT Research. The surge in demand would be the largest since 2004, when orders reached 390,000.
Meanwhile, the typical backlog is around five months for truck industry manufacturers – the longest wait since early 2006 when truckers stocked up on vehicles before harsh new environmental restrictions kicked in.
“It is longer than it should be,” said Magnus Koeck, vice president of marketing for Volvo AB’s North America operation, where Class 8 truck orders this year soared to 25,000 from 11,000 during the first six months of 2017. “Of course we are not alone in this situation,” he said. “Everyone is in the same boat.” –WSJ
North American freight-haulers ordered over 300,000 Class 8 trucks through July of this year, and are on track to order a record 450,000 of the heavy-duty haulers for the full year, according to ACT Research. The surge in demand would be the largest since 2004, when orders reached 390,000.
Meanwhile, the typical backlog is around five months for truck industry manufacturers – the longest wait since early 2006 when truckers stocked up on vehicles before harsh new environmental restrictions kicked in.
“It is longer than it should be,” said Magnus Koeck, vice president of marketing for Volvo AB’s North America operation, where Class 8 truck orders this year soared to 25,000 from 11,000 during the first six months of 2017. “Of course we are not alone in this situation,” he said. “Everyone is in the same boat.” –WSJ
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