Trailer Orders Reach An All-time High In December
The Freight Transportation Research (FTR) revealed that the net trailer orders in December hit at a record-breaking high of 47,000 units.
FTR is a dependable source of transportation insight and has served the shipping, trucking, rail, multi-purpose, equipment, and money related ventures for about 30 years.
FTR's data demonstrated that last month's trailer orders were 10 percent higher than the figure posted in November and 38 percent more than a year ago. In 2017, the aggregate trailer orders were 308,000 units.
At the point when data on trailer orders are finished, FTR predicts that December's orders would outperform the past 45,800 units recorded in October 2014.
FTR's Vice President of Commercial Vehicles Don Ake stated: “We have seen pressure build on equipment markets for several months.”
“And this shows Q1 is going to be hectic as fleets scramble to keep up with freight demand,” he added.
According to Don Ake, carriers are requesting a great number of dry vans to manage the fixing trucking limit because of the usage of the ELD mandate, and as cargo volumes keep on growing in the midst of lacking transportation equipment.
The FMCSA's ELD mandate ended up plainly compulsory on December 18, 2017. As per the ELD rule, non-excluded business drivers would require FMCSA-complaint electronic logging gadgets to record their obligation status and hours-of-benefit data, rather than manual paper logs.
Ake said that carriers are all the more regularly dropping and snaring to make up for the lack of drivers. Additionally, haulers require more trailers to deal with the request.
Meanwhile, FTR likewise featured that across-the-board economic growth is also keeping trailer demand strong in other segments. Refrigerated freight are as yet hearty, and the flatbed market keeps on getting a charge out of a rise, with development in the construction and assembling areas boosting demand.
Higher unrefined costs are reviving tank trailer deals also.
Drivers who are not furnished with consistent electronic logging gadgets can't work without gambling violations and punishments. They can't exploit these positive economic situations. In the event that you are still without an ELD, attempt utechcorp.com.
The GPSTab ELD is FMCSA-complaint, begins from just $20 every month, and has capable armada administration highlights.
You can order the GPSTab ELD online in under two minutes.