2018 redux: Truck-buying binge borrowing from future business

Here we go again. Orders for new Class 8 trucks are surging like they did after tax cuts in 2018. This time, however, consumer-driven demand for stay-at-home goods during the pandemic is prompting carriers to pull forward equipment orders that would typically be placed later.

November 02, 2020

Buyers of new and late-model used trucks are both shopping, even as uncertainty surrounding a new wave of coronavirus infections threatens business lockdowns reminiscent of March and April. But catalysts of higher Class 8 orders — freight demand and carrier profitability — are strong.

Read the full article here:

https://www.freightwaves.com/news/2018-redux-truck-buying-binge-borrowing-from-future-business

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