We love sharing positive news about the trucking industry. It’s good news for our business and yours. It’s good news for America and Americans; trucking is one of the most reliable USA economic indicators. The industry touches every commodity and product. It transports machinery, construction materials, and technology. When times are good, trucks are rolling, and right now—trucks are rolling.
What are the Numbers?
According to Transport Topics, 17,455 class 4-7 trucks were sold in April; that’s 1,913 more than March, and 3,035 more than April, 2013. The last time class 4-7 trucks were sold at this rate was April 2008. Times are good.
What are the Classes?
DOT classifies commercial vehicles by weight.
• Class 4 – 14,001 – 16,000 pounds
• Class 5 – 16,001 – 19,500 pounds
• Class 6 – 19,501 – 26,000 pounds
• Class 7 – 26,001 – 33,000 pounds
How Does this Affect the Economy?
The actions of financing, prepping, outfitting, and delivering 17,000 trucks impacts the economy, but only a drop in the bucket compared to the big picture. The organizations purchasing these trucks make a much larger impact. Class 4 – 7 trucks are work trucks. They’re construction trucks; they deliver new housing materials; they carry service people, packages, and supplies. When this many trucks are purchased, it’s more than replacing existing fleets—it’s expansion. Expansion means American businesses have confidence in the future, and it means—more jobs. Adding jobs generates consumer spending, which leads to…more trucks. It’s the trucking up theory of economic expansion.
At TKO Graphix we’re not economists, but like every other business in America we’re affected by the economy. And like every other business in these United States we keep a close eye on it. After surviving the recession and economic challenges just a few short years ago, businesses have been conservative with funds and expenditures. That’s changing. Businesses, big and small, are investing in the future; they have the confidence to spend for expansion. Companies of all sizes and types are building for tomorrow. The road is clear again, and trucks are rolling down that road carrying us into a brighter future. Has your business recently expanded, hired new employees, added equipment, or purchased a truck? Let us know—we’d like to hear about it.