Order backlog still feeds truck makers, but they don’t disclose for how long.
US freight shipments fall for 7th month in a row. After the boom, the bust.
“Orders” of Heavy Trucks Collapsed by 70% but “Sales” Rose to Highest Level Since 2006: There’s a Lag. And Sales Are Next
After truck manufacturers eat up their backlogs, then what?
Freight shipments dropped the most since Nov 2009.
“When times are tough, the thinking switches to the short-term. Many fleets are just fighting for survival.”
Weakness in transportation deepens. Freight rates still rising, but also coming under pressure.
A hard U-Turn.
Largest US Trucking Company: “Volume, or lack thereof, is obviously the main story.” The inventory pile-up hurts. And the driver shortage is ending.
From “capacity panic” to “overcapacity” in less than a year?