Rising costs of money, labor, fuel, and equipment mixed with a volatile environment for freight demand and credit have pressured transportation equipment buyers to sideline capex in the last 18 months. But not all transportation equipment buyers face the same challenges as traditional Class 8 OTR operators, and green shoots are emerging in some transportation sectors.

Secured Research recently completed its annual survey of capex intent for transportation equipment buyers, with more than 1,100 companies participating. Below you’ll find a historical view of transportation capex from year to year along with a forecast for 2024 in sectors ranging from OTR to utility to municipal.