Equipment Sector

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

Ritchie Bros. Generates More Than $73MM at Edmonton Auction

Ritchie Bros. attracted more than 16,500 bidders to compete for more than 10,000 items, generating more than C$99+ million ($73 million) in gross transaction value at its fifth Edmonton, AB, auction of the year. read more

ACT Research: September US Trailer Orders on The Rise

According to the recent issue of ACT Research’s State of the Industry: U.S. Trailers report, September net U.S. trailer orders of 26,086 units were 47% higher compared to the previous month but 8% below the year-ago September level. read more

Fleet Advantage Plans to Order 200 EV Class 8 Tractors for Delivery in Q1/23

Fleet Advantage, an innovator in Class 8 fleet data analytics, equipment financing and life cycle cost management, will place orders for 200 EV Class 8 tractors, with deliveries beginning in 2023. read more

ACT Research: Used Class 8 Retail Volumes Drop in September

According to the latest release of the ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 retail volumes were down 12% month over month in September. read more

American Trucking Association: Driver Shortage Remains High

American Trucking Associations calculated the driver shortage has eased slightly but remains near its all-time high. read more

ACT Research: Class 8 Tractor Dashboard Drops for Fifth Time in Six Months

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard dropped in August to a minus three reading, the fifth moderately downbeat reading in six months. read more

ACT Research: September Experiences Slump in For-Hire Trucking Index

According to ACT Research’s latest For-Hire Trucking Index, volume, productivity and the supply-demand balance all declined in September. read more

ACT Research: Classes 5-8 Economy Resilient Against Interest Rate Hikes

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, current economic conditions are resilient in the face of aggressive interest rate hikes. read more

ACT Research: September Preliminary Net Trailer Orders Up 45%

According to ACT Research’s recent preliminary report, net trailer orders in September were 25,700 units, up about 45% from August but around 10% lower than the same month last year. Final September results will be available later this month. read more

Encina Equipment Finance Provides $15MM Lease Line to Industrial Safety Company

Encina Equipment Finance provided a $15 million lease line to a global industrial safety solutions company to finance new and existing rental equipment, vehicles and trailers. read more

Maxim Commercial Capital Expands Truck Financing Program in Q3/22

Maxim Commercial Capital expanded its target market during Q3/22 by launching an enhanced risk-based scoring system for its Truck Financing Program. read more

ACT Research: Inflation and Rising Rates Dampen Forecasts

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, forecasts this month are slightly lower than September due to stubborn inflation and the Fed’s continued firm action toward bringing it down to its 2% target. read more

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Terry Mulreany
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