The Trucking Industry Invests in New Fleets

The Trucking Industry Invests in New Fleets

Trucking operators are expecting a busy year and truck manufacturers are responding to the increase in demand. According to The Journal of Commerce, trucking executives are planning to invest in new truck models this year. This increased investment is tied to the improving economy as executives are placing orders on new trucks to either replace older vehicles or to expand their capacity. The article goes on to say, “Net Class 8 truck orders broke higher than 40,000 units in October and November and totaled more than 360,000 in the 13 months through last November, according to FTR Associates, which called the near-record surge in heavy truck orders ‘phenomenal.’”

At Ohio Valley Manufacturing we can attest to this increase in orders as we have seen companies being placing orders to increase their fleets. We’re at a point where the age of truck fleets are older than it has ever been before and now with the upswing in economic activity there is a strong demand in the trailer and truck industry to replace the older trucks.

We expect to see strong activity in this industry through the first half of the year and our facility is prepared to meet the needs of trucking manufacturers. Our heavy gauge stamping services are ideal for the trucking and trailer industries and we feature presses with up to a 4,000-ton press rating. We can work with carbon steel, aluminum, and stainless steel to create a range of stamping products such as circle blanks and surface mount pins. To learn more about our services, visit our website. We also post more trucking industry news on our Twitter and LinkedIn.