INDIANAPOLIS — Suppliers in the commercial truck and truck equipment sectors are riding the wave of an improving economy and should see sales grow by 20% to 25% this year, an industry expert said.
The value of all work truck-related shipments, such as trucks and truck chassis, specialty vehicles, trailers and other equipment, could rise to $125 billion this year, up from $93.5 billion in 2011, Stephen Latin-Kasper, director of market data and research for the National Truck Equipment Association, said during a presentation at the association’s Work Truck Show here March 5.
Growth within the different types of equipment is uneven, however, reflecting economic trends. Heavy-duty truck production, for example, grew by almost 90% in 2011, compared with 2010, thanks to the surge in freight movement and the accompanying sales of over-the-road tractors as fleets replaced aging equipment, Latin-Kasper said. The sector will not be able to maintain…
View original post 159 more words