PGT Bulletin — Q2 2023 Edition
The PGT Bulletin addresses current issues within the trucking industry that impact PGT Holdings Inc., our customers and the supply chain. PGT closely monitors these concerns and works to implement innovative solutions for our customers, advancing transportation through the Future of Flatbed®.
PGT Trucking anticipates a strong finish as we approach the end of Q2 with a combination of special construction projects, seasonal materials, and strong relationships with our customers. However, we remain mindful of factors such as inflation, high interest rates, slow manufacturing production, and geopolitical risks, which could impact our operations. Economic indicators like employment and spending are stabilizing, yet consumers remain cautious as they enter the second half of the year. Manufacturers and service centers are reducing their inventory levels, purchasing goods only for immediate needs
Operating costs within the trucking industry have continued to rise for the second consecutive year, particularly in fuel, tolls, maintenance expenses and replacement parts. As customer demand is expected to soften during the summer, shippers will seek rate adjustments that may not be feasible within the current cost environment. Despite these challenges, PGT Trucking remains committed to strengthening our long-term relationships by providing high-quality service, diversified shipping solutions, and safe and reliable transportation.
Key Industry Issues
On the Horizon
Laurence Cox, Vice President, Sustainability, will present “Zero Emissions Trucks: Characteristics and Capabilities” at the AISI Sustainability Committee in Washington, DC, on July 12.
Come visit the PGT exhibit at the SMU Steel Summit in Atlanta, GA, on August 21-23.
Find PGT representatives at MetalCon 2023 in Las Vegas, NV, on October 18-20.
- PGT Breaks Ground On New Laredo Terminal Facility
- PGT Introduces New, Expanded Truck Driver Training Facility
- PGT Moves into New Offices in Baltimore, MD, and Phoenix, AZ