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.
U.S. business logistics costs, as calculated in CSCMP’s 2019 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 11.4% in 2018 to reach $1.64 trillion, or 8% of the $20.5 trillion GDP.
The Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, hit an all-time high of 138.7 in November 2018.
It's taking longer for loads to arrive, and the DOT currently projects the weight of goods moved by truck to rise by close to 34% by 2045.
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