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16 • FEBRUARY 2023 THETRUCKER.COM recruitment classifieds FOR DISPLAY OR LINE AD INFORMATION, EMAIL REQUESTS TO: MEGANH@THETRUCKERMEDIA.COM. now hiring otr team drivers • Team Pay starting at $.70 to $.81 per mile • SIGN-ON BONUS • Plenty of bonus opportunities • Paid Holidays • Vacation Pay • Great benefits: Medical, Dental, Life + 401K with company match 844.757.0001 WWW.DRIVEEASTWEST.COM find the beSt truck-driving career opportunitieS by viSiting Scan here to See more available driving poSitionS. OWNER OPERATORS MAKE MORE MONEY WITH LIGHT WEIGHT FREIGHT. INDUSTRY LEADING LEASE PURCHASE PROGRAM (888) 877-9197 THETRUCKER.COM/LOGIX MCCOLLISTER’S AUTO TRANSPORT Fleet expansion 609-526-9490 WWW.MCCOLLISTERS.COM Call to join the Marten Team: 866.983.8449 NEW 4.5% PAY INCREASE Now Hiring Dedicated, Regional and OTR Drivers Seeking High Performing Professional Team Drivers DRIVEBOYLE.COM 800-442-4004 866-982-5051 LOOKING TO GET YOUR CDL? Check out The ALL NEW comprehensive TRUCK DRIVING SCHOOL DIRECTORY to find the best CDL training facility near you. Visit GoTruckers.com/schools JOIN OUR AWARD-WINNING CULTURE 80% EARN START AT $.55 CPM WITH RAISES UP TO $.65 CPM OTR POSITIONS AVAILABLE 844-299-2824 DRIVE4HELWIG.COM OF THE LOAD GROSS REVENUE! As an owner operator with Tran Stewart, you enjoy industry-leading pay as well as a host of additional benefits that OOs need to succeed. 855.869.3430 www.THETRUckER.cOm/TRANSTEwART OWNER OPERATORS End Dump Hopper Bottom Pneumatic (866) 974-5277 www.thetrucker.com/oakley NEW PROGRAM! $6,000 Tuition Reimbursement $6,000 EXPERIENCE Bonus. 3 years current coil experience Note: Both are paid out over 2 years in monthly installments. CD’S SCAN HERE! 3 www.thetrucker.com/pii 855.894.5939 FOLLOW US ONLINE @TheTruckerNewspaper @TruckerTalk @thetruckermedia
THETRUCKER.COM EQUIPMENT & TECH FEBRUARY 2023 • 17 Ending on a high note DECEMBER SALES OF NEW TRUCKS REACH HISTORIC LEVELS FOR A STRONG CLOSE TO 2022 CLIFF ABBO<strong>TT</strong> | SPECIAL CORRESPONDENT When it comes to sales of new Class 8 trucks on the U.S. market, 2022 ended up as the third-highest sales year of the past 20 years, thanks to a record-setting December. Production delays in the first quarter, brought about by supply chain issues that slowed delivery of parts and materials were largely solved as the year progressed. According to data received from ACT Research 29,497 Class 8 trucks were sold in the U.S. in December, an increase of 17.8% over December 2021 sales. Compared to November 2022, sales leapt by 24%. Of the December total, 22,328 trucks were destined for over-the-road use while 7,169 were slated for vocational use as dump, trash, concrete or other trucks. December is typically the strongest truck sales month of the year because it closes out the business year for most carriers and marks the end business quarter for all of them. Reinvestment of profits into new equipment reduces a carrier’s tax liability for the year as well as quarterly shareholder dividends. In today’s economy, buying new equipment helps carriers prepare for a potential recession by reducing the number of trucks they’ll need to buy when times are rough. “Everybody who can invest capital at the end of the year to save on some taxes is going to do it,” said Eric Crawford, vice president and senior analyst at ACT Research. “Seasonality aside, this is the best December on record,” he said. “And I think this speaks to unmet demand over the course of the cycle. The peaks in production haven’t come close to the peaks in orders.” ACT reported U.S. Class 8 orders of 26,735 for December, the fourth consecutive month of high orders. The December number is 41% higher than orders in December 2021 and brings the current backlog of trucks waiting to be built to 210,241 for the U.S. market alone. If no further orders were received, it would take over 7.5 months just to build the trucks already ordered. With predictions of a recession popping up nearly everywhere, both purchases and orders must slow down at some point, but when? “I think for 2023 the key theme is going to be rebalancing and rebalancing is going to come thanks to a recession,” Crawford said. Inflation has raised costs for both manufacturers and consumers, who are responding with slower buying. Higher interest rates, imposed by the Federal Reserve Bank in hopes of reigning in inflation, have increased the cost of credit. Taken together, those signs point to less product being shipped, reducing the demand for trucks and increasing rate competition for available loads. The inflation rate has moderated somewhat in recent weeks but isn’t falling fast enough to avoid an impact on the economy. Crawford says ACT predicts any recession will be mild. “We saw some risk of a deeper recession, but we’re in the mild camp, given some of the good news that we’re seeing on inflation,” he said. “We don’t expect the Fed to cut rates at any at any point in 2023, but certainly they don’t need to ratchet rate nearly as much in iStock Photo Truck retailers and manufacturers typically experience strong sales during December because it closes out the business year for most carriers. Reinvesting profits into new equipment reduces a carrier’s tax liability for the year. ’23, as they did in ’22. That deceleration is going to help the recession be relatively short lived and mild. That’s our expectation.” On the used truck side of the market, retail volumes increased by 20% in December over November but were still far behind (25%) December 2021 sales numbers. The average retail price of a used Class 8 tractor declined by 3% from last December, while the average age of used trucks moved increased by 2%. Trades by carriers receiving more new trucks would tend to place more used trucks on the sales lots, even as carriers keep them on the road a little longer while waiting for new equipment to arrive. For December, new truck sales were more SEE SALES ON PAGE 22 Ammonia could be viable fuel source for zero-emissions Class 8 trucks Courtesy: Amogy Inc. New York-based Amogy Inc. recently conducted a preliminary test of a zero-emission Class 8 truck powered by ammonia on the campus of Stony Brook University. THE TRUCKER NEWS STAFF BROOKLYN, N.Y. — In January, Amogy Inc. announced it had successfully tested the first ammonia-powered, zero-emission Class 8 semi truck. After integrating its ammonia-to-power technology into a 5 kW drone in July 2021 and then a 100 kW John Deere tractor in May 2022, Amogy scaled its technology to 300 kW, according to a company statement. Following an eight-minute-long fueling, the semitruck, having 900 kWh of total stored net electric energy, was tested for several hours on the campus of New York’s Stony Brook University. The next step, the Amogy team said, is to conduct full-scale testing on a test track to showcase the truck’s performance under various real-world operating conditions. Amogy’s proprietary technology enables the on-board cracking of ammonia into hydrogen, which is then sent into a fuel cell to power a vehicle. Liquid ammonia’s energy density is approximately three times greater than compressed hydrogen and it requires less energy, the Amogy statement said. Two-hundred million tons of ammonia are produced and transported each year. “Beyond its incredible energy density and liquid phase at an ambient temperature, ammonia is an optimal fuel to achieve rapid decarbonization of heavy transportations because it is available globally with existing infrastructure already in place,” said Seonghoon Woo, CEO at Amogy. “This achievement not only showcases Amogy’s technology as an accessible and scalable solution for trucking, it also highlights the capabilities and dedication of our outstanding team,” Woo continued. “First it was an ammoniapowered drone, then a tractor and now a truck. In the near future, we look forward to further scaling and tackling other hard-to-abate sectors, such as global shipping.” Amogy officials say they will continue to pursue partnerships across the global shipping and transportation industries. This includes the company’s 1 MW-scale ammonia-powered tugboat, to be presented later in 2023, and other commercial deployments with partners including a recently announced inland barge retrofit project with Southern Devall. 8
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