Spot rates were all about the old adage “what goes up must come down.” After strong growth in 2017 and 2018, rates in 2019 were sharply negative through mid-year before firming.
The pandemic could drive more fleets to consider emergency planning and has increased vehicle operating expenses for many fleets.
The increasing maturity and stability of trucking technology start-ups is evidenced by a decline in the volume of early-stage deals in 2018.
New truck registrations across the European Union grew by 3.5% last year compared to 2017.
As in 2017, for-hire and private fleets account for half of aftermarket parts demand of Class 6-8 trucks and trailers.
Dealers have increased both new and used truck sales. Equipment turns averaged 649,000 miles.
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