While the pandemic suddenly halted many aspects of the construction industry, a boom has taken place across many areas. It began earlier this year and is expected to continue throughout the remainder of the year.
As builders resume or start new construction to meet the demand for residential and commercial spaces, an influx of materials is expected to keep making its way across the country. The challenge for the construction industry will be disruptions to the supply chain and the need for vehicles to transport supplies to help complete jobs in time and on budget.
We expect trailers to be in high demand to fulfill deliveries over the coming months, as mentioned in our Q3 2022 Commercial Vehicle Rental Market Guide. This shift presents a significant opportunity for companies to leverage COOP to generate new revenue from idle equipment or fill the need for extra capacity.
With fewer weather-related delays, summer provides an excellent time for construction projects. Historically, construction work gets done faster and more efficiently in the summertime than at any other time of the year.
While higher interest rates and prices are slowing some aspects of construction, the industry still expects to expand by 4.5% in 2022 compared to the last two years. Especially as the need for multi-family homes remains very strong, we anticipate commercial construction demand to carry on through the end of the year to compensate for lost time as new materials allow for the work to be completed.
Here are a few more of the reasons adding to the construction increase:
While some materials like concrete and steel are seeing a rise in costs, others like lumber have some reports of lower prices. Despite these changes, it seems to have little effect on consumers looking to complete planned construction jobs.
Plus, now that items on backorder are ready to be delivered, trailers will be a hot commodity to hit the road and distribute supplies.
As the largest commercial vehicle sharing platform, COOP takes great pride in working with trusted companies and private fleets who list their trailers for rental. When you search for the vehicle you need, it’s easy to compare rates and availability to carry the cargo you wish to transport.
With COOP, businesses are creating new revenue streams and optimizing their fleets. Listing your idle trailers during the summer will make you money and help others meet their goals during a busy construction season.
Our innovative platform connects thousands across the nation all with the click of a button.
Ready to share your trailers and turn some profit? Click here to get started.
Chassis rentals offers flexibility, cost savings, and access to a variety of equipment options. Whether you are a seasoned logistics professional or new to the world of freight transportation, this article will cover all aspects of chassis trailer rental.
.jpg)
When containers stuck at the port caused delays and thousands in penalty fees, a major textile company turned to a solution that increased their shipping volume by 28%. Uncover their success story and learn how you can streamline your operations with COOP by Ryder.
Want to make best use of expenses when comparing rental rates for trailers? Several factors influence semi-trailer rental costs, from the specific type of trailer you require to your company's credit history. But don't stress; we're here to simplify it all and guide you toward finding the best possible deal for your business.
