TORONTO, Ont. -- More than half of Canada’s for-hire carriers have plans to purchase new trucks this year, our latest Transportation Buying Trend Survey of trucking executives shows.
The national survey, conducted in late December and early January and including responses from more than 100 carrier executives from across Canada, found 53% ready to invest in new heavy duty trucks in 2013. That represents a notable increase from the 47% who said likewise last year and certainly a sizeable increase from 31% willing to invest new trucks in the midst of the recession back in 2009.
Class 8 sales in 2012 were the third highest since 1999 so if carriers follow through on their new truck investment plans, 2013 should be another strong year for Class 8 truck manufacturers.
The survey also found that 17% of respondents planned to purchase new medium duty trucks in 2013.
Survey response was fairly equally distributed among large, medium and small-sized fleets. Thirty one percent of respondents owned 100 or more heavy duty vehicles; 24% owned 25-99 vehicles; 22% owned 10-24 vehicles; while another 22% owned 5-9 vehicles.
The majority of this year’s survey respondents (59%) were headquartered in Central Canada; 13% in Eastern Canada; and 23% from Western Canada.
The annual survey is conducted by our research division in partnership with the Canadian Industrial Transportation Association, Cormark Securities and CITT.