While there have been many changes in the trucking industry, one thing has not changed, according to Rich Ferguson, managing director, Ferguson Partners LLC. “Trucking customers still strive for efficiency. This has not charged,” he said during a presentation at Heavy Duty Aftermarket Week in Dallas, Texas.
He said there are a number of issues that bear watching, including continued consolidation, opportunities in mobile repair, the growth of electronics, the growth of remanufacturing, and the need to continue to invest in technician training.
“There is an electric product revolution going on, and I am not just talking about electric engines,” Ferguson said. “The growth of telematics and the increased speed at which we are getting data are happening concurrently.” On the product side, he said that while today automated manual transmission are only in 19% of Class 8 trucks on the road, they can be found in 80% of vehicles currently being spec’d. There also has been a growth of electric idle-reduction systems.
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