It has been, to put it mildly, an absolutely wild year for the U.S. economy, and by extension, the trucking industry. We had a sharp drop last spring, nearly just as sharp of a rise in the summer and fall, and a strong opening to 2021, but the most recent months’ numbers show a drop-off fueled by issues like the ongoing microchip shortage as well as the rising cost of materials such as steel.
So what can fleets expect from the market the rest of this year, and what’s on the horizon for 2022? I spoke Don Ake, vice president of commercial vehicles for FTR, to find out how they’re seeing the market.
Listen below, and catch up with more episodes of the podcast here.