Equipment Sector

Economic Conditions ‘Idyllic’ for Commercial Vehicle Demand

According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, for much of the past 20 months, economic conditions have been idyllic broadly, particularly for commercial vehicle demand. read more

Soaring Demand for Trucks Caused Unprecedented Price Acceleration in 2021

Soaring demand for truck tractors and other transportation assets caused unprecedented price acceleration in the sector in 2021, according to Ritchie Bros. read more

ACT Research: Long Backlog Horizons Challenge US Trailer Manufacturers

According to this quarter’s issue of ACT Research’s Trailer Components Report, the U.S. trailer industry backlog grew 3% sequentially in December but ended 2021 9% below the backlog for 2020. read more

IDC Forecasts AI Spending to Increase by 19.6% in 2022

Worldwide revenues for the artificial intelligence market, including software, hardware and services, is forecast to grow 19.6% year over year in 2022 to $432.8 billion, according to International Data Corporation. read more

Inventory Declines Across High-Volume Age Groups Driving Equipment Value Increases

According to a new market report from Sandhills, inventory declines in certain age groups are driving value increases in the heavy-duty truck, construction equipment and farm equipment markets. read more

ACT: Preliminary US Trailer January Net Orders Match the Year-End 2021 Pace

Preliminary reports showed trailer net orders of 26,100 came in close to the December order pace of 26,400 and 17% below January 2021 levels, according to ACT Research. read more

ISM: Hospital Sector Economic Activity Expands for 20th Consecutive Month

Economic activity in the hospital subsector grew in January for the 20th consecutive month, according to the nation’s hospital supply executives in the latest Hospital ISM Report On Business. read more

ACT Research: CV Industry Production Closed 2021 Strong, But Is It Sustainable?

Supply-chain constraints kept a lid on the industry’s ability to raise build rates through 2021 until December when a torrent of heavy-duty and medium-duty were finished, according to ACT Research. read more

Used Piston Single and Turboprop Aircraft Values Rise Sharply

According to a new report from Sandhills Global, from January 2021 to January 2022, used piston single aircraft asking values rose 20.4% and turboprop aircraft asking values rose 12% year over year. read more

ACT Research: Preliminary Data Shows Class 8 Orders Totaled 21.3K Units in January

According to preliminary data from ACT Research, North American Class 8 net orders totaled 21,300 units in January, while Classes 5-7 net orders dropped to 16,500 units. read more

ACT Research: US Used Class 8 Retail Sales Close 2021 With 6% Increase

Preliminary used Class 8 retail volumes (same dealer sales) in December grew 4% month over month and ended 2021 with a 6% year-to-date increase despite dropping 30% on a year-over-year basis in December, according to preliminary data from ACT Research. read more

ATA Projects 28% Increase in Freight Tonnage by 2032

According to its latest forecast, the American Trucking Associations expect total freight tonnage to grow from an estimated 15.1 billion tons in 2021 to 19.3 billion tons in 2032, marking a 28% increase. read more

Doosan Bobcat Unveils All-Electric Compact Track Loader at CES

Doosan Bobcat unveiled its new all-electric Bobcat T7X compact track loader at CES 2022, an annual technology showcase event. According to Doosan, the T7X is the first machine of its kind to be fully electric. read more

Commercial Vehicle Industry Continues to Face Strong Demand and Capacity Constraints

ACT Research reported that despite rock-solid demand across the spectrum of forward-looking medium and heavy-duty vehicle market indicators, industry capacity remains range-bound across a broad front of supply chain constraints. read more

ACT Research: Dominant Issues Continue to Shape Commercial Vehicle Outlook

According to ACT Research’s recently released Transportation Digest, supply chain difficulties, COVID-19, inflation, high energy prices, robust freight and rates and public policy continue to be the dominant issues shaping the heavy-duty trucking outlook. read more

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