Carriers to Delay Fleet Investments Amid Tariff Pressures in 2026

According to the recently published 2026 State of Transportation Report, nearly half of carriers are contemplating a delay in their fleet investments next year. This trend is largely attributed to the ongoing impact of tariff-related costs, particularly affecting imported equipment and parts.

The report indicates that 47% of carriers anticipate postponing their planned investments in fleets, with new truck and trailer purchases expected to be the most significantly affected. Additionally, technology upgrades and investments in alternative fuel sources or electric vehicles (EVs) are also likely to face delays.

The Broader Financial Landscape

This potential slowdown comes on the heels of a challenging year for capital expenditures. In 2025, a staggering 92% of carriers were forced to delay, reduce, or outright cancel their planned investments as the anticipated rebound in the freight market failed to materialize. Equipment upgrades were most heavily impacted, accompanied by setbacks in hiring and workforce development initiatives.

The potential investment pullback presents a ripple effect that could significantly influence shippers. A decreased number of new truck purchases may hinder fleet modernization efforts, reduce the introduction of fuel-efficient equipment, and impede the broader adoption of alternative fuel technologies. Such delays could complicate initiatives aimed at reducing emissions and enhancing overall network performance.

Emerging Strategies Among Carriers

Amidst these challenges, not all carriers are choosing to hit the pause button on their investment plans. While 47% plan to delay their investments, 36% are looking to accelerate spending in 2026. Some carriers might aim to lock in current pricing before tariffs drive costs even higher. Only 5% plan to cancel their investments entirely, whereas 11% expect no impact at all.

This divergence in strategy highlights two distinct approaches as carriers head into 2026. One group is adopting a defensive stance, conserving capital until policy conditions are stable, while the other is opting for proactive investment in hopes of gaining a competitive advantage, especially if freight rates show recovery.

Forecasting Freight Rates

Interestingly, nearly two-thirds of survey respondents are optimistic regarding freight rates, expecting an increase in 2026. If this forecast holds true, carriers that previously delayed their spending may find themselves revisiting modernization plans later in the year as margins potentially improve.

As the transportation industry braces for 2026, the decisions made today will undoubtedly shape the future landscape, posing both challenges and opportunities for carriers and shippers alike.