Commercial Vehicles: An upturn on the horizon
The past year proved to be a pretty trying one for many in the trucking and broader commercial vehicle sectors. The trend among some customers to cut back on orders and whittle down their inventories put pressure on freight rates while pandemic-induced inflation continued to work its way through the manufacturing side of the industry. But on the plus side, supply chains have largely normalized—including for chips in trucks some manufacturers had been having to park unfinished—and most market observers are looking for a freight market upturn in the first half.
As in several other industries, the pace of technological change isn’t abating. Solid investments in telematics, prescriptive maintenance and other software are fast becoming table stakes. And that’s with electric and other propulsion technologies as well as autonomous vehicles fast approaching in the rearview mirror. Many fleets’ spending plans are accordingly ambitious.
Here are some recent stories on the Commercial Vehicle market from Endeavor brands:
FleetOwner – Will the freight economy warm up in the spring?
Trailer/Body Builders – Trailer orders remain healthy but lag recent years
FleetOwner – Truck orders and technology: What to expect in 2024
Construction Equipment – Fleets boost ’24 budgets in response to inflation, supply
FleetOwner – Class 8 truck market outlook for 2024
Modern Tire Dealer – Suppliers see blue skies ahead for ag market
The Outlook 2024 series of market reports is compiled by Endeavor Business Intelligence. EBI delivers all the critical ingredients – deep research expertise, trusted brands, subject matter experts, rich audience databases, creative thinking, and design services – that bring data to life. Learn more at intelligence.endeavorb2b.com.
Endeavor Business Media’s Commercial Vehicle Group supports maximizing uptime, safety and operational efficiency by delivering critical know-how to managers, owners, manufacturers and business professionals responsible for commercial vehicle fleet operations.