Equipment Sector

ACT Research: Despite Likely Recession, Factors Continue to Dull a Sharper Downturn

According to ACT Research, forecasts this month remain unchanged from last month. Demand remains healthy, production remains constrained by supply chain disruptions and tight labor markets, and freight rates and volumes managed to squeeze out small improvements. read more

ACT Research: NA Class 8 Net Orders Surpass 21K Units in August

According to preliminary data from ACT Research, North American Class 8 net orders in August were 21,600 units, while North American Classes 5-7 net orders were 18,400 units. read more

ACT Research: Commercial Vehicle Market Continues to Invest in Low Carbon Initiatives

According to a report published by ACT Research and Rhein Associates, the commercial vehicle industry continues to invest in initiatives toward new powertrains and lower carbon emissions from CV fleets. read more

CARB Opens $25MM in Financing to Encourage Small Fleets to Transition to Zero-Emission Trucks

The California Air Resources Board (CARB) launched the Innovative Small E-Fleet (ISEF) $25 million set-aside within the state's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). read more

Transport Enterprise Leasing to Integrate Cummins’ Hydrogen Engines into Heavy-Duty Fleet

Transport Enterprise Leasing signed a letter of intent with Cummins to purchase Cummins’ 15-liter hydrogen internal combustion engines when available. Transport Enterprise Leasing will integrate the Cummins’ X15H hydrogen engines into its fleet of heavy-duty trucks. read more

Ritchie Bros. Sells More Than $54MM of Equipment at Houston Auction

Ritchie Bros. sold more than 4,980 equipment items for 675 consignors, generating more than $54 million in gross transaction value, at its fourth Houston auction of the year. read more

ACT Research Shifts Forecasts Lower, Anticipates Inbound Recession

In the latest release of its Commercial Vehicle Dealer Digest, ACT Research reported shifts — both higher and lower adjustments, but in aggregate, lower still — in forecasts last month to incorporate an inbound recession. read more

Use Class 8 Retail Sales, Prices, Miles and Age All Decline M/M in July

According to ACT Research, used Class 8 retail volumes (same dealer sales) were down 10% month over month in July. Average prices and miles were down 1% and 0.4%, respectively, compared to June, with average age down 7% month over month. read more

Linamar MedTech Completes ISO 13485 Certification for Medical Device Manufacturing

Linamar, a global diversified manufacturing company, completed its iHub production site and received ISO 13485 certification for medical device production. read more

Ryder Makes Food Logistics’ Top 3PL Providers List for 10th-Straight Year

Ryder System was listed among Food Logistics’ Top Third-Party Logistics & Cold Storage Providers for 2022. The honor marks Ryder’s 10th consecutive year on the list. read more

Volvo Completes Volvo LIGHTS Electric Trucks Project in Southern California

Volvo Trucks North America completed Volvo LIGHTS, a three-year project that brought together 14 public and private partners to design and implement a blueprint for a support ecosystem to deploy battery-electric trucks and equipment at scale. read more

ACT Research Holds Seminar on Decarbonization and Autonomous Technology

ACT Research began its 67th annual seminar on Aug. 23 with a discussion reception. The seminar is focusing on the potential impact of decarbonization and autonomous technology on commercial vehicles and on-highway transportation. read more

ACT Research: Class 8 Tractor Dashboard Remains on Downbeat in June

According to ACT Research’s recently released Transportation Digest. the top line on the Class 8 tractor dashboard was unchanged in June, marking the fourth month of moderately downbeat readings. read more

ACT Research: Trucking Volume and Productivity Looking Up

According ACT Research’s latest For-Hire Trucking Index, volume and productivity are up, with the supply-demand balance in July rising, as the increase in volume outweighed the increase in capacity. read more

ACT: Inflation, Supply Chain Disruption and Potential Recession Remain Themes

Surging inflation, the Fed hiking interest rates into a potential recession and supply chain disruptions remain overarching themes in the commercial vehicle market, according to ACT Research’s latest State of the Industry: NA Classes 5-8 report. read more

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Terry Mulreany
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Susie Angelucci
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