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Things to Look out for In 2020
News Tips&Tricks | December 26, 2019

Things to Look out for In 2020

With the New Years right around the corner you are probably getting ready to spring into action to make the most of 2020. For truck drivers and fleets, the new year is a great time to set the pace of your business for the coming year. Before you do you might consider reading below to see some of the things that you might want to be aware of before starting out. 

INCREASE IN CARGO THEFT
As the New Year approaches so does cargo theft. Truck drivers, fleets are being warned against this increase during the holiday period. The most heightened period of increased theft attacks usually appears between Dec. 23 through Jan. 3.

DIESEL PRICES
Another item that truckers need to keep a close eye on is the diesel prices. In 2020 maritime diesel regulations will be tightening by the IMO (International Maritime Organization) and those regulations will be affecting crude oil forecasts. the new maritime standards will take effect January 1st and lower the maximum sulfur content for marine fuel oil used in ocean-going vessels.

TRAILER ORDERS
Trailer orders dropped 55% from the same period last year – a time when OEM production capacity limits prompted carriers to place large orders that locked in build slots throughout this year. Trailer orders for the last twelve months total 215,000 units. Production continues to fall moderately on a per-day level as freight growth has stalled. There is still a decent demand for dry vans and reefers, but the vocational segments, especially flatbeds, continue to weaken.  

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