The truck rental industry has been growing rapidly in the United States, but it’s not going to slow down anytime soon.
The boom in trucks is largely driven by the demand for low-cost trailers and is likely to continue for a while.
Dump truck rental companies, which are mostly comprised of online services, are also seeing a boom in demand.
That’s largely due to the availability of affordable trailers, according to Josh McElroy, a spokesman for the truck rental service Hootsuite.
Hootsuites offers a service called “Dump Truck Rental,” which lets customers rent trucks and trailers for a variety of costs.
Customers pay a flat fee per hour to rent and the company offers the truck and trailer to any company with a fleet, McElrion said.
Hoot’s business has grown by more than 2,000 percent since the start of 2017, according the company’s quarterly earnings report.
It’s not just the demand that’s growing.
McElroys said the industry has also seen a lot of changes.
The average age of trucks is nearing 60, which is a big change from a couple decades ago, McEntire said.
It also means that older trucks are more likely to be on the market for sale.
“The trucking industry has become more mature,” McElry said.
The number of people looking to rent trucks has also jumped dramatically.
From about 12 million vehicles in 2020 to more than 22 million today, McElvan said.
The trend toward renting trucks is also linked to a trend in the trucking rental industry, which has seen a surge in rental growth, McEnvan said, citing a study by the truck company Trucking USA.
There is some anecdotal evidence that people are looking for low maintenance and more flexibility in their schedules, McEllrion added.
However, McEslvan noted that while the trend toward leasing trucks is likely a good thing, it’s a trend that needs to continue and McElrish said that the trend needs to accelerate.
Some of the major trends in the industry include: Demand for trucking trailers is increasing.
The industry is seeing demand for trailers that can accommodate both people and cargo, McExvans said.
Also, demand for new trucks is increasing, especially in the larger fleets, McGlinchey said.
People want to have more flexibility.
They want to make the time available to be flexible in their scheduling and be able to take on more work, McErvin said.