Residents of Northeastern states are struggling with increased electricity costs and an unreliable energy supply as elected officials contemplate expanding natural gas pipelines in the region.
Class 8 truck orders dropped dramatically in both November and December, with orders dropping below deliveries in December.
January’s World Economic Forum (WEF) white paper identified 16 factories that are leading the world economy in manufacturing technology. The United States has only one of these “lighthouse” facilities – Fast Radius’s Chicago factory, located in the city’s West Loop.
The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.
Total trailer net orders came in at over 38,000 units in August, representative of a 31 percent increase month-over-month and a staggering 142 percent increase year-over-year.
J.D. Power is forecasting more new truck deliveries in the coming months, but demand is still expected to outpace supply into the second quarter of 2019.
Morgan Stanley’s Truckload Freight Index has decreased over the last two weeks and has now underperformed seasonality two updates in a row. This seasonal deceleration is not unusual, as July and August tend to be weaker.
