Industry navigates supply chain issues, chassis availability and rising interest rates

This article was published in the June 2022 edition of NTEA News.

Supply chains and chassis availability may be the commercial vehicle industry’s highest priorities in second-quarter 2022, but there’s more to consider regarding expectations for the rest of this year and into 2023. Ongoing high inflation led the Federal Reserve to raise the overnight bank loan (federal funds) rate by 0.5% the first week of May. This marked the first time the rate was raised that much since 2000. Guidance from the Fed indicated there will likely be additional 0.5% increases this year.

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