Article Image
News Link • Business/ Commerce

Get in Line: Backlog for Big Rigs Stretches to 2019

• https://www.wsj.com,

Anyone ordering a new heavy-duty truck this summer will have wait until sometime next year to get it, assuming strained manufacturing supply chains hold together.

An unprecedented run of orders for big rigs has pushed the backlog at truck factories to nine months, according to industry analysts, the largest since early 2006, when truckers stocked up to get vehicles in place before tougher environmental restrictions would take effect. Typically the backlog is about five months for the truck industry's manufacturers, analysts said.

"It is longer than it should be," said Magnus Koeck, vice president of marketing for Volvo AB's North America operation, where Class 8 truck orders this year soared to 25,000 from 11,000 during the first six months of 2017. "Of course we are not alone in this situation," he said. "Everyone is in the same boat."

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


thelibertyadvisor.com/declare