The transportation industry has always been important to the nation, but in a time of crisis, this importance is even more evident. Finding a way to make sure that this transportation industry continues is essential to not only the economy, but also the health of the nation. At the venter of this industry is the need for refrigerated trucks. Often referred to as reefer trailers, this temperature controlled units are used for the transportation of both foods and medicines. As the face of the current health crisis changes on a daily basis, it is important to know that there may be a need for many companies to buy reefer trailers to add to their fleets. Not only new, however, there are also many companies that will be looking for used reefer trailers for sale so that they can meet the increased demand in some parts of the country.
Refrigerated trucks, in fact, play an important role in the most timely delivery of many of the products that both individuals and families need. Dairy trucks, freezer trucks, and trucks that deliver important medicines and vaccines are needed no matter how difficult the road conditions are, and no matter how challenging the health crisis in the nation becomes.
Reefer Trailer Costs Play an Important Role in the Economy of the Nation
The latest research indicates that as many as 500,000 reefer trailers are currently in operation in the U.S., but there are many logistics employees who are working over time to meet the increased needs in some areas of the country. Consider some of these facts and figures about the role that reefer trailer costs and other industry considerations play in the success of the nation’s economy:
- Carefully monitored by the National Transportation Safety Board, there are strict limitations for the fleets that are on the road. For instance, the average size of a reefer trailer is between 28 and 53 feet in length and no more than 13.5 feet in height, but there are specific guidelines in an effort to protect both life and property.
- And while the maximum weight a reefer trailer can typically carry is 44,000 pounds, there are some states that are easing some of these guidelines as there is fewer traffic on the roads and the demand for products is increasing during the current health crisis.
- The global refrigerated trailer market was expected to reach a market value of $7,658 billion by the year 2022, but there are many experts who believe that these numbers could change with the latest demands brought on by the battle against Covid-19.
- Between the years 2016 and 2022, the global refrigerated trailer market is expected to grow at a compound annual growth rate (CAGR) of 4.8%, but the additional reefer trailer costs incurred during this pandemic may change those numbers as well.
- Approximately 40,000 refrigerated trailers were ordered in the U.S. in January 2018, according to FTR Transportation Intelligence, but those numbers may change in the year 2020 and going forward as the nation awaits a vaccine for Covid-19.
- Los Angeles, Long Beach, New York/New Jersey, Seattle/Tacoma, and Savannah are the top five U.S. ports, and it is at these locations where reefer trailer costs can be even more important in the price of any product that needs temperature control.
- The number of refrigerated trailer orders increased by 250% between January 2017 and January 2018, and there are many logistics experts who anticipate an even bigger increase this year.
- The temperature range of a refrigerated trailer is -20 degrees to 70 degrees Fahrenheit, and the careful monitoring of this range is important if products are going to arrive at their destination safely.
- In the year 2015, the global refrigerated market was valued at just over $5 billion. By 2022, however, that number was expected to increase by another $2 billion.
As the nation continues to navigate this new normal, there are many factors that will continue to rely on the delivery of goods. Many of these goods will need to be refrigerated or frozen. As a result, the refrigerated trucking industry will be important. Both new and used reefer trailers will continue to be in demand.