Some industry analysts believe that a major reason for the current slump in heavy truck orders and sales is due largely to a growing lack of confidence in the direction of the U.S. and global economy, rather than the in the fundamentals of the freight market – which, in many respects, are more solid than many think.
“It’s really a confidence issue,” Kenny Vieth, president and senior analyst with ACT Research, told Fleet Owner. “Freight volumes are still growing, though slowly, but more importantly truckers are making money hauling it – that’s way more important than what the actual freight volume numbers themselves are.”
