Semi-trailer Market Gain Impetus due to the Growing Demand over 2026 Report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions.
BriefingWire.com, 5/13/2021 - The Global Semi-trailer Market Outlook 2019-2028 offers detailed coverage of semi-trailer industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading semi-trailer producers to provide exhaustive coverage of the market for semi-trailer. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.
EVANSVILLE
Stoughton Trailers expects a major upswing in production and a hiring spree to match after the U.S. government slapped a five-year tariff on semitrailer systems imported from Chinese manufacturers.
Stoughton Trailers CEO Bob Wahlin said the Stoughton-based company expects to upgrade manufacturing technology at its Evansville manufacturing plant and other locations and plans to hire as many as 300 assemblers, welders and supervisors in the coming months.
Thatâs amid a boom in new production contracts Wahlin said the semitrailer and trailer chassis maker has landed after the U.S. International Trade Commission in April approved a new tariff on Chinese-made trailer systems.
Better outlook buoys shipping shares
Boosted by China’s growing trade volume in the first quarter of this year and the world’s surging demand for shipping services, the stock index of China’s shipping-related businesses rose 7 percent on Wednesday, while the benchmark Shanghai Composite Index dropped 0.1 percent to close at 3479.63 points.
Share prices of shipping companies COSCO Shipping Holdings Co Ltd and COSCO Shipping Specialized Carriers Co Ltd hit the daily ceiling of 10 percent to 16.15 yuan ($2.47) and 4.28 yuan, respectively, in the A-share market, according to market tracker Wind Info.
China Merchants Energy Shipping Co Ltd and COSCO Shipping Energy Transportation Co Ltd rose by 8.17 percent to 5.56 yuan and 8.86 percent to 7 yuan, respectively.