Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post by Matt Snider from Breakthrough’s blog discusses trends in Class 8 truck orders and their significance for shippers moving forward.
As truck capacity tightens amid an enduring COVID-19 pandemic and heightened freight demand, linehaul rates have surged causing significant disruption in shippers’ annual plans. When capacity supply and demand become imbalanced, the shipping community tends to look at key indicators to create expectations around an outlook. One common trend that transportation professionals tend to watch is Class 8 Truck Orders.
Why Are Class 8 Truck Orders Important for Capacity Conversations?
Truck orders represent the number of trucks a company is committing to purchase in the months ahead. Truck sales, however, show the actual quantity of trucks these companies take delivery for. Both orders and sales data are great variables to keep tabs on to understand how much capacity is coming onto the market, and when it becomes available.
Additionally, truck orders reflect how…