According to ACT Research, the backlog-to-build ratio contracted to 8.5 months in February after closing January at 9.9 months, reflecting a higher build rate. For context, the average since Q3/21 has been in the eight-month neighborhood. read more

MAR 29, 2023 - 6:58 am

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes and rates declined in February but rate trends should begin to recover once traction on freight volumes is established. read more

MAR 28, 2023 - 7:28 am

According to ACT Research, Chinese commercial vehicle demand presented a mixed bag of results into the end of 2022, with demand for heavy trucks, medium trucks and tractors started the process of reversing its downward trajectory as the Chinese economy reopened. read more

MAR 27, 2023 - 7:17 am

According to ACT Research, February’s preliminary net trailer orders increased sequentially but were lower against longer-term comparisons, with 25,800 units (25,600 seasonally adjusted) projected to have been booked during the month. read more

MAR 23, 2023 - 7:09 am

The Greenbrier Companies received orders for 4,500 new railcars with a value of $580 million during Q2/23. Separately, Greenbrier expects revenue of approximately $1.1 billion in the quarter. read more

MAR 22, 2023 - 7:20 am

Bigge Crane and Rigging added Liebherr’s newest LRT 1130-2.1 rough terrain crane to its fleet at ConExpo 2023. The German-engineered crane features 140 U.S.-ton lifting capacity and the longest telescopic boom of any two-axle rough terrain crane.  read more

MAR 15, 2023 - 7:06 am

Ritchie Bros. sold more than 5,100 items from three locations in its recent Rocky Mountain regional event, generating more than $52 million in gross transaction value. read more

MAR 14, 2023 - 7:07 am

Ryder System launched a discount program for women-owned businesses that are a member of the Women in Trucking Association (WIT). Ryder is a member active participant of WIT. read more

MAR 13, 2023 - 7:33 am

XCMG Excavator, a subsidiary of Xuzhou Construction Machinery Group, will exhibit its most expansive line up of excavator products to date at CONEXPO-CON AGG in Las Vegas. The trade show will be held at the Las Vegas International Convention Center from March 14 to 18. read more

MAR 13, 2023 - 7:31 am

Manitex International, an international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, launched the ECSY-Electric Crane System in conjunction with opening day of CONEXPO-Las Vegas. read more

MAR 13, 2023 - 7:25 am

Kaman Aerospace and PHI Aviation entered into a master commercial agreement for the promotion, sales and support of a commercial version of Kaman’s KARGO UAV unmanned aerial system, including collaboration relating to its ongoing design and certification. read more

MAR 9, 2023 - 7:04 am

According to a report from Global Jet Capital, thanks to improving flight operations and increased aircraft listings and transaction activity compared with pre-pandemic levels amid a stabilizing pricing environment, 2022 was a strong year for the business jet market. read more

FEB 23, 2023 - 7:18 am

Volvo Trucks has sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks has a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks. read more

FEB 23, 2023 - 7:14 am

Ritchie Bros. attracted more than 14,500 bidders to compete for more than 6,500 items, generating more than $61 million in gross transaction value at its first Houston site auction of the year. read more

FEB 21, 2023 - 7:05 am

Wells Fargo released its 2023 Construction Industry Forecast survey. The results suggest a level of cautious optimism prevailing among non-residential contractors and distributors, with the non-residential construction industry maintaining a hopeful long-term outlook for 2023. read more

FEB 17, 2023 - 7:11 am