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Started By
Message
Big rig orders plunge most since financial crisis
Posted on 4/7/16 at 1:35 pm
Posted on 4/7/16 at 1:35 pm
quote:
Orders for new big rigs plunged and inventories of unsold trucks soared to their highest levels since just before the financial crisis, as uncertainty about future demand and a weak market for freight transportation weighed on truck manufacturers.
This seems odd to me
LINK
4
Posted on 4/7/16 at 1:39 pm to HailHailtoMichigan!
quote:
This seems odd to me
It shouldn't, oilfield transportation makes up a large percentage of freight in the industry, lack of oilfield freight has resulted in widespread reduction of freight rates throughout the country, so much so that a lot of these smaller, mom and pop trucking companies have trucked themselves out of business. Cheap freight doesn't pay the note on $150,000 shiny new big rig.
Posted on 4/7/16 at 1:41 pm to HailHailtoMichigan!
Has a lot to do with the DOT mandating that they run electronic log books in any Commercial Motor Vehicle that was made after the year 2000. A lot of companies and drivers are paying to replace the engines and restore the older model trucks in order to not have to abide by the DOT mandate.
Posted on 4/7/16 at 1:43 pm to HailHailtoMichigan!
Our economy blows. Not a surprise. Just another indicator
Posted on 4/7/16 at 1:50 pm to HailHailtoMichigan!
quote:
This seems odd to me
LINK
It was only about a month or so ago that Caterpillar announced it was ceasing all production of their on-highway trucks.
Say goodbye to the CT660
Posted on 4/7/16 at 1:51 pm to Darth_Vader
They kept going longer than I thought.
Glad I got the last year of the Cat RV engine.
Glad I got the last year of the Cat RV engine.
Posted on 4/7/16 at 1:52 pm to Darth_Vader
quote:
It was only about a month or so ago that Caterpillar announced it was ceasing all production of their on-highway trucks.
That didn't last long...
Posted on 4/7/16 at 1:53 pm to lilsnappa
quote:
It was only about a month or so ago that Caterpillar announced it was ceasing all production of their on-highway trucks.
That didn't last long...
Nope. I remember the day the memo came down from corporate. It was light a lighting bolt from a blue sky.
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