In the article “Equipment Management: Out On A Limb” industry leaders discuss how…

  • Many customers are holding onto equipment much longer than usual, leading to more renewals and extensions, and cancellations of orders for new equipment.
  • The shortage of new equipment is due to supply chain issues and the war in Ukraine, which has disrupted the production of wiring harnesses used in heavy-duty trucks.
  • Waiting times for equipment can be months long, putting a premium on high-quality used equipment.
  • Parts shortages are leading to downsizing of trucking fleets and dropping spot rates, hurting the freight transportation market.
  • Calculating residual values for new equipment is tough due to inflation and technology.

Click here read the complete article and learn more about the challenges facing the equipment finance industry.

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