CK Fleet Sentiment survey indicates fleets on solid ground entering 2017
Monday, February 13, 2017
by THE TRUCKER STAFF
COLUMBUS, Ohio — The quarterly Fleet Sentiment survey conducted in early January by CK Commercial Vehicle Research (CKCVR) indicates that truck fleets are on solid ground entering 2017.
The majority of measures covered by the survey show either positive quarter-over-quarter or year-over-year comparisons.
Key results from the survey include:
A combination of the number of fleets and the estimated unit volume of medium/heavy duty trucks (primarily Class 8) planned orders for the first quarter of 2017 show a 14 percent improvement over the same quarter last year.
New spec's for Class 8 trucks being ordered are heavily influenced by safety and aerodynamic technologies.
First-quarter truck orders earmarked for added capacity remain low at 5 percent of total expected unit volume.
A majority of fleets surveyed continue to have a driver shortage problem.
Freight/work demand and fleet capacity are in equilibrium for most companies reporting.
CKCVR’s “How’s Business” measure is back on an upward trajectory after more than a year of declining ratings.
A very small percentage of fleets reporting are making plans to pre-buy or delay purchases based on new GHG-2 rules.
Overall shop tools and equipment expenditures in 2017 are expected to be similar to 2016.
Fleets participating in the first-quarter 2017 survey operate more than 40,000 medium- and heavy-duty trucks (primarily Class 8) and 90,000 trailers. They represent a varied mix of fleet demographics.
They represent a varied mix of fleet demographics.
For more information about the Fleet Sentiment Report and other CK Commercial Vehicle reporting visit www.ckcvr.com or call Chris Kemmer at (614) 459-9369.