Thursday, July 5, 2018

Demand For Trucks Soaring -- July 5, 2018

Keep on trucking: we've talked about this several times in the past year. Now, again, at The WSJ-- truck-factory backlogs soar on heavy demand for rgs.
Fleets ordered 42,200 trucks in June, more than double the number they bought in the same month a year ago, and 18.5% more than they ordered in May.
“We’re expecting in June that the backlog will rise to a level we haven’t seen since about 1999,” said Kenny Veith, president of Columbus, Ind.-based ACT. The backlog-to-build ratio was about 9.6 months at the end of May, he said, meaning most trucks ordered in June won’t arrive until the first half of 2019.
June is typically a weak month for truck orders. But the persistent robust demand for the heavy-duty vehicles used for long hauls meant carriers ordered new trucks at a seasonally adjusted rate of 492,000 vehicles in the first six months of this year—“the strongest six-month order period that we have in our database, which goes back to 1982,” Mr. Veith said.
Back to the Bakken

Active rigs:

Active Rigs66573176191

RBN Energy: rising Canadian gas imports push back on Rockies supply in the US west.

No comments:

Post a Comment