Trailer orders declined 28% in July compared to June, extending the replacement equipment calendar further into 2023 as most manufacturers kept the brakes on bookings.
Fleets are waiting to place those orders. But most OEMs are not able to accurately price new equipment. Inflation and volatile commodity prices for key items like steel and aluminum frustrate those efforts.
Tighter credit, softening customer sentiment and persistent supply chain disruptions are headwinds for the industry. But...
https://www.freightwaves.com/news/trailer-replacement-cycle-stretched-further-as-july-orders-drop