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.
