Registration of new commercial trucks (Class 3-8 vehicles) was up in the first quarter of 2012, providing another sign that 2012 will be a very good year for the commercial truck industry. The investment by trucking carriers in new trucks indicates that there is belief among many trucking officials that the growth of the past few years in the trucking industry is here to stay for a long time.
Registrations on new commercial trucks were up 26.6 percent reaching 129,755 units. The level of new registrations during the first quarter represented a 2.6 percent increase over the new registrations during the last quarter of the 2011 calendar year and new registrations were also at their highest quarterly level since 2008, according to TruckingInfo.com. The new registrations during the quarter were 52 percent higher than the most recent low (first quarter of 2010) and 34 percent lower than the most recent high for the quarter (first quarter of 2006), the TruckingInfo.com article reported.
The report also shows that truck carriers are buying more new, rather than used trucks. Used vehicle purchases were down 26.7 percent when compared to the previous year. Used commercial vehicle transactions represented 55.9% of total commercial vehicle transactions in the quarter.
Purchase of new commercial trucks is expected to increase as the demand for trucking services continues to rise. The demand on trucks is growing each year and there is a great demand for more drivers.
The growth in commercial trucking is putting a burden on shipping companies to find more drivers. That has made the commercial truck industry an attractive career choice for job seekers of all backgrounds and experiences. Students do not have to have truck driving experience and those participating in Diesel Driving Academy’s truck driver program have a variety of backgrounds and experiences. If you are looking for a new career then becoming a commercial truck driver might be the right fit for you as the profession offers flexible schedules, great starting pay and a chance for advancement, especially with the right professional training.
At Diesel Driving Academy’s commercial truck driver training program students are given some of the best in CDL training and put at the front of the line in securing some of the best trucking jobs available all across the nation. Professional instructors provide hands-on training and graduates are often times receiving multiple offers before graduation from carriers desperate to find professional truck drivers.
More trucks are needed and that means more drivers will also be needed. The investment in new commercial trucks indicates that carriers believe this growth is here to stay for the long-haul and that commercial trucks will be in high demand for many years to come.