We’ve been seeing a lot of good news in the trucking industry recently. Not only has the US manufacturing sector have been seeing stronger and stronger rates, but we’ve also seen an increase in Class 8 tractor sales. According to data from Wards Auto, the first quarter of 2015 was the best for Class 8 tractor sales in nine years.
As more and more companies are manufacturing tractors there is also a rise in trailer manufacturing. ACT Research found that trailer manufactures will ship approximately 303,000 trailers this year, an increase of 12% from last year. There are several factors impacting the increase of trailer manufacturing, including pent-up demand from the Great Recession and the overall improved economy, which has increasing freight volumes.
At Ohio Valley Manufacturing we have been experiencing this growth firsthand. We have been busy quoting and starting on new work and have our facility running six days a week to keep up with production. We’re happy with the first half of the year and we aren’t currently anticipating a slowdown in the second half.