There is a straightforward relationship between trailer industry health and economic activity. Economic growth creates new freight to haul. Adding new freight to the existing pile means more capacity is needed to haul that freight. So, more freight means more trailers, improved productivity within the existing trailer fleet, or a combination of the two. Economic downturns reduce freight volumes, putting downward pressure on new equipment demand and potentially delaying replacement demand as well.
Home Market Insights Knowledge Center How does the freight composite support findings in the trailer market?