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As the U.S. reopens, will fleet demand for truck & trailer be impacted?

Posted by Don Ake on Jan 21, 2021 9:22:00 AM

Don Ake was posed with the question, "With the likelihood of resorts, hotels, concerts, sporting events, etc., opening in second half of 2021, does that impact demand, or are the fleets already ordering in preparation for that?"

 

Don's answer:
  • We are expecting robust freight growth during the first half of 2021. Freight growth will slow in the second half of the year, due in part to consumers shift towards long denied services over goods.
  • That said, we haven't seen swings like 2020 to 2021 before and there is still a high degree of uncertainty for the second half of 2021. 
  • Fleet demand for trucks and trailers continues to be high and any adjustments down shouldn't change things significantly as fleet profits are still strong. 2021 should be a good year for OEMs.

Tags: Demand, Truck and Trailer, Class 8

 

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