What is happening: The purchase of trucking equipment fell last month, indicating that the North American freight demand is now slowing.
Orders: For example, orders for Class 8 heavy trucks fell by 15% in November, sinking to their lowest level in over a year.
Patterns: Typically the holiday season is when orders would be through the roof, however in 2018 we saw a flurry or purchasing far earlier than normal.
Manufacturers: This slow down in orders could help manufacturers catch up with their backlogs.
Supply/demand: The pause could also finally balance supply and demand in the trucking industry, as huge demand through 2018 has caused shipping rates to soar.
Tariffs: Perhaps the initial flurry had something to do with the tariffs that were due to rise in January. These tariffs have now been put on hold after talks between Trump and China.