Equipment Sector

ACT Research: Class 8 Production Outpaced Weak Sales in January

Class 8 inventories rose 3,400 units month over month in January, as production outpaced expectedly weak sales, according to ACT Research. read more

With Freight-Generating Sectors on the Mend, ACT Predicts 5-Year Expansion

With solid consumer fundamentals, no obvious imbalances, and a manufacturing downturn in the rearview mirror, it is harder to see a recession now than it was six months ago. read more

ACT Research: Medium Duty Orders Show Resilience

After softness in late Q3/19 and early Q4/19, medium duty orders have shown resilience the past two months, according to ACT Research. read more

ACT: January Preliminary Class 8 Orders Down 12% M/M, Up 10% Y/Y

Preliminary NA Class 8 net orders in January were 17,700 units, down 12% from December 2019, but up 10% from last January, according to ACT Research. read more

WSJ: Textron May Purchase Bombardier Business-Jet Unit

The Wall Street Journal reported that Bombardier is discussing the sale of its business jet unit to Textron, according to people familiar with the matter. read more

WSJ: VW Makes $2.9B Bid for Navistar

The Wall Street Journal reported that Volkswagen’s trucking unit made an unsolicited offer for Navistar International. read more

Bloomberg: Renewable Energy to Surpass Natural Gas by 2045

Bloomberg reported that the shift to clean energy is accelerating in the U.S. with solar and wind accelerating as coal declines. read more

Class 8 Natural Gas Truck Retail Sales Rose 20% YTD 2019 through November

U.S. and Canadian Class 8 Natural Gas truck retail sales for the first 11 months of 2019 gained 20% year-to-date over 2018, according to ACT Research. Full-year 2018 was down 15%, while 2017 was up 13%. read more

New ELFF Report Examines U.S. Agriculture Industry

The ELFF released a new study on the agriculture industry, which provides an outlook on this equipment sector in the U.S., demographic and spending trends, and key developments. read more

ACT: Freight-Generating Sectors of Economy Starting to Mend

ACT Research reported that freight-generating sectors of the U.S. economy are on the cusp of transitioning from contraction to growth, aligning with freight cycles of the past, which typically last around two years. read more

Used Truck Sales Close 2019 Down 15%, Despite December Rally

Used Class 8 same dealer sales volumes improved 7% month-over-month in December, but longer-term sales were down 3% year-over-year and full-year 2019 sales declined 15% compared to 2018. read more

WSJ: New Boeing 777X Jetliner Completes Favorable First Flight

The Wall Street Journal reported that Boeing’s new 777X jetliner finished its first flight successfully on Saturday. read more

ACT: Truckload Contract Rates Down, LTL Revenue Growth Dropped in Q3/19

Truckload contract rates turned negative in Q3/19, down 2% year-over-year, and loaded miles per tractor fell 5% in the same time period. read more

ACT For-Hire Trucking Index: Rates Slip Amid Strong Holiday Freight

The latest release of ACT’s For-Hire Trucking Index showed improvement in for-hire freight volumes and utilization, with 55.5 and 52.3 respective diffusion index readings, both up four points from November. read more

ACT: 2019 U.S. Trailer Net Orders Down 51% Y/Y

New U.S. trailer orders of 18,400 were down 13% month over month in December, and after accounting for cancellations, net orders of 17,700 dropped 11%. read more

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