Transport Topics (Feb. 4, 2022)
Class 8 orders in January plunged compared with a year earlier to just above 21,000, and reflected the caution truck makers continue to exhibit in the face of ongoing supply chain difficulties and an already very lengthy backlog, ACT Research reported. Orders reached 21,300 compared with 42,307 a year earlier. A lack of semiconductors from Taiwan has caused median inventory held by chip consumers, including automakers or medical device manufacturers, to fall from 40 days in 2019 to less than five days in 2021.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices