A number of commercial fleets are planning to order fewer fleet vehicles in MY-2021, but the majority of surveyed fleet managers state there will be no change in order volumes and will stick to pre-existing replacement schedules.
President Donald Trump is "not ready to act" on threatened auto import tariffs following a Tuesday meeting with his top trade advisers, an anonymous source told Bloomberg.
The forecast for the 2019 model-year indicates it will be a strong asset acquisition year for the commercial fleet segment, which is comprised of 6.3 million light-duty vehicles in operation.
Conventional wisdom in the fleet market is often wrong. If we roll back the calendar, the conventional wisdom about fuel prices was that there would be ebbs and flows in price per gallon rates, but the overall price trajectory would trend upward. The flaw with conventional wisdom is that it only works when no new variables are inserted into future projections. A case in point is the shale oil revolution, which now has experts predicting oil prices will remain flat for the foreseeable future.
Heavier rail cars and an aging box car fleet are having a serious impact on overall rail congestion. The box car fleet responsible for moving vehicles is getting smaller by the year.
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