The Daily | November 11, 2025
Carrier sentiment is suppressed by a weak rate environment as the market waits for necessary fleet rationalization, highlighted by historic levels of Class 8 oversupply exceeding 90,000 units. The physical evidence of financial distress is staggering, demonstrated by the collapse in trailer prices—with 3-year-old 53-foot dry vans now trading for under $20,000—and the high volume of repossessions dominating used equipment sales, where 158 out of 162 units sold by Ritchie Bros. in Q3 2025 were repossessions. This contraction is bleeding into the tech sector, as evidenced by the Chapter 11…
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