According to preliminary data from ACT Research, net trailer orders increased nominally from November to December. At 24,300 units, orders were lower compared to last December, down nearly 58% year over year. read more

JAN 16, 2024 - 6:58 am

The convergence of continued strong build rates, a fading U.S. tractor sales trend and early-in-the-year sales seasonality risk a Class 8 truck inventory surge in Q1/24, according to ACT Research. read more

JAN 12, 2024 - 6:37 am

Citizens’ 2024 M&A outlook report revealed optimism about the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. read more

JAN 11, 2024 - 7:00 am

Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

JAN 8, 2024 - 6:54 am

According to Sandhills Global’s latest marketplace reports, used heavy-duty trucks in Sandhills marketplaces continued to face challenges in December, as inventory levels, asking values and auction values all declined month over month. read more

JAN 5, 2024 - 6:40 am

Small and midsize business leaders are sharing a more balanced outlook heading into 2024 while pulling back from previous predictions of a near-term recession, according to JPMorgan Chase’s 2024 Business Leaders Outlook survey. read more

JAN 5, 2024 - 6:38 am

December preliminary North America Class 8 truck net orders reached 26,500 units, falling by 15,000 units from November, according to ACT Research.  read more

JAN 5, 2024 - 6:31 am

The asset-based lending market held steady in Q3/23 amid positive developments in the U.S. economy, such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network. read more

JAN 5, 2024 - 6:30 am

Commercial Chapter 11 bankruptcy filings increased 72% to 6,569 in 2023 from the previous year’s total of 3,819, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. read more

JAN 4, 2024 - 6:51 am

According to the Equipment Leasing & Finance Foundation’s 2024 Equipment Leasing & Finance Industry Snapshot, the U.S. economy will grow by 1.7% in 2024 while equipment and software investment is expected to grow at a 2.2% pace. read more

JAN 3, 2024 - 6:44 am

According to the National Federation of Independent Business, 80% of small business owners accessing credit in the last three months reported high interest rates as their largest financing complaint, a significant increase from July (58%). read more

JAN 2, 2024 - 6:47 am

According to the International Data Corporation’s latest research, with the global demand for artificial intelligence and high-performance computing exploding, the semiconductor industry is expected to usher in a new wave of growth. read more

DEC 26, 2023 - 6:59 am

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks report by ACT Research, used Class 8 average retail sale prices fell 6% month over month to $59,300 in November, marking the first month with a sub-$60,000 average price since April 2021. read more

DEC 26, 2023 - 6:56 am

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report, peak order season opened in September, and although net orders in November continued to show relatively healthy bookings, they were softer than the previous two months. read more

DEC 26, 2023 - 6:49 am

An updated forecast from International Data Corporation shows that enterprises will invest more than $19.4 billion worldwide on GenAI solutions in 2023. This spending is expected to more than double in 2024 and reach $151.1 billion in 2027. read more

DEC 22, 2023 - 6:40 am