5. Equipment Shortages
Trailer orders hit record levels at the end of 2022, continuing the trend of equipment shortages faced by carriers during the past two years. Production of heavy-duty trucks stalled due to a global shortage of computer chips and lingering supply chain issues, forcing carriers to use aging equipment and drastically reduce their capacity. Manufacturers hope to catch up to demands for new orders in 2023, but trucking companies and maintenance shops still experience difficulty obtaining parts to repair current equipment. The average age of trucks and trailers in use continues to rise since the COVID pandemic, leading to increased needs during routine maintenance.
PGT maintains close relationships with trusted vendors, working together to fulfill orders for new trucks and trailers. Through our partnership with Penske Truck Leasing, PGT can take advantage of Penske’s vast network of maintenance shops and equipment, ensuring that PGT units can be quickly serviced with minimal disruption. PGT continues to upgrade our trucks and trailers to keep our fleet running, with over 100 new orders from International, Peterbilt and Nikola due to arrive this year.