Equipment Sector

Class 8 Net Orders Reach 33K Units in November

According to ACT Research, Preliminary NA Class 8 net orders in November were 33,000 units, while NA Classes 5-7 net orders were 21,400 units. ACT will publish complete industry data for November, including final order numbers, in mid-December. read more

United Rentals Releases Emissions Information in Online Catalog

United Rentals announced its online rental catalog now includes emissions level information for all equipment. This allows companies to make more informed decisions to choose the right equipment that supports their jobsite needs and sustainability goals. read more

Penske Truck Leasing and DTNA Celebrate Delivery of 2 Freightliner eCascadias

Penske Truck Leasing and Daimler Truck North America celebrated the delivery of two battery electric production model Freightliner eCascadia semi-trucks. read more

Supply-Demand Balance Increases as Freight Rates Decline

According to ACT Research’s recent release of the For-Hire Trucking Index, the supply-demand balance increased as volumes ticked up and freight rates continue to decline. read more

Used Class 8 Retail Sales Fluctuate During Fall Season

According to ACT Research, used Class 8 retail volumes were down 19% month to month in October, while average mileage was flat, average price was down 2% and age was up 5%. Longer term, average price and miles were higher year over year, with prices up 15%.  read more

Mini Excavator Sales on the Rise, Excavator Large Unit Volumes Down

According to Ritchie Bros.’ recent November Market Trends Report, there has been a continued rise in popularity of compact earthmoving equipment, as U.S. excavator large unit volumes are down significantly in 2022, while mini excavator sales have been increasing. read more

Penske Truck Leasing Opens First Full-Service LEED-Certified Facility

Penske Truck Leasing opened a state-of-the-art facility in Akron, OH. The new facility is Penske's first-ever full-service rental and leasing facility that is leadership in energy and environmental design (LEED) certified. read more

Spot Rates Decline, Concerns About Diesel Shortage Rise

Recently, ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. According to the report, lower freight costs are set to grow in 2023. read more

October’s Used Truck Average Retail Volumes Decrease 30% Compared to 2021

According ACT Research, preliminary used Class 8 retail volumes (same dealer sales) in October decreased 10% month over month and were 30% lower compared to October 2021. read more

Ritchie Bros. Sells More Than $64MM of Equipment and Trucks in Houston

Ritchie Bros. attracted more than 11,200 online bidders to compete for more than 6,000 items, generating more than $64 million in gross transaction value at its final auction of the year in Houston. read more

Ideanomics Secures Funding from DLL to Expand Solectrac Dealer Network

Ideanomics secured strategic financing from global financial solutions provider DLL to enable expansion of Solectrac, adding seven more certified dealers to its dealer network. read more

November Commercial Vehicle Forecasts Slightly Higher Than October, Class 8 Forecasts Stable

According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, 2022 forecasts this month are slightly raised from October caused by easing supply-chain constraints. read more

Fleet Industry’s $75B Can Convert Electric Vehicles

AlixPartners, the global consulting firm, released an analysis of the commercial and governmental fleet industry in the United States, finding that operators could be wasting upwards of $75 billion. read more

ACT Research Reports Slightly Lowered Forecasts as Fed Continues to Raise Rates

In the latest release of its Commercial Vehicle Dealer Digest, ACT Research reported slightly lowered forecasts due to the Federal Reserve’s continued action toward inflation, which it says is disproportionally impacting the freight economy. read more

October Class 8 Orders Continue to Rise

According to preliminary data from ACT Research, North American Class 8 net orders in October were 42,500 units, while Classes 5-7 net orders were 23,400 units. read more

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