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Home » Truck-Factory Backlogs Soar on Heavy Demand for Big Rigs

Truck-Factory Backlogs Soar on Heavy Demand for Big Rigs

Truck owners stepped up orders for big rigs at a time when buying typically slows, pushing backlogs at factories to the highest levels in nearly two decades.

July 9, 2018
The Wall Street Jorunal
Fleets ordered 42,200 trucks in June, more than double the number they bought in the same month a year ago, according to preliminary figures from ACT Research, and 18.5 percent more than they ordered in May. “We’re expecting in June that the backlog will rise to a level we haven’t seen since about 1999,” said Kenny Vieth, president of Columbus, Ind.-based ACT. The backlog-to-build ratio was about 9.6 months at the end of May, he said, meaning most trucks ordered in June won’t arrive until the first half of 2019. June is typically a weak month for truck orders. But the persistent robust demand for the heavy-duty vehicles used for long hauls meant carriers ordered new trucks at a seasonally adjusted rate of 492,000 vehicles in the first six months of this year — “the strongest six-month order period that we have in our database, which goes back to 1982,” Vieth said. Truck operators are racing to meet unrelenting shipping demand in a strong U.S. economy. Read full article

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