Overdrive Extra

Max Heine

New trucks follow driver demand

| May 21, 2010

We’ve been hearing that driver demand is coming back, so it’s not surprise that carriers are buying trucks for them.

PayNet, which tracks lending activity across six industries, “found that the dollar value of new loans made to trucking companies that have never owed more than $10 million rose six percent in the first quarter of 2010 over first quarter 2009 levels,” reports DCVelocity.com. “The first-quarter results represent the first year-over-year increase in dollar-based truck lending activity in eleven quarters, according to Thomas Ware, senior vice president of PayNet.”

Beyond those first three months, April, too, looked good. Earlier this week OverdriveOnline reported that net orders for heavy-duty Class 8 trucks increased 91 percent in April compared with the same month last year, according to ACT Research Co.

I noticed at least one of our fleet advertisers in the upcoming June issue of Overdrive is offering a sign-on bonus. I bet there’ll be many more before the year’s out.