Equipment Sector

Ryder to Add BrightDrop Electric Vehicles to Lease and Rental Fleet

Ryder System plans to introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025, with the first 200 to be ordered this year. read more

US Trailer Industry Increases Build Rate in February, Demand Could Be Softening

According to ACT Research, the backlog-to-build ratio contracted to 8.5 months in February after closing January at 9.9 months, reflecting a higher build rate. For context, the average since Q3/21 has been in the eight-month neighborhood. read more

For-Hire Trucking Capacity Growth Rate on Path to Recovery

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes and rates declined in February but rate trends should begin to recover once traction on freight volumes is established. read more

Chinese Truck Market Demand Reverses Downward Trajectory in Q4/22

According to ACT Research, Chinese commercial vehicle demand presented a mixed bag of results into the end of 2022, with demand for heavy trucks, medium trucks and tractors started the process of reversing its downward trajectory as the Chinese economy reopened. read more

Preliminary Net Trailer Orders Indicate Strong Demand Continues

According to ACT Research, February’s preliminary net trailer orders increased sequentially but were lower against longer-term comparisons, with 25,800 units (25,600 seasonally adjusted) projected to have been booked during the month. read more

Greenbrier Receives $580MM in Railcar Orders in Q2/23

The Greenbrier Companies received orders for 4,500 new railcars with a value of $580 million during Q2/23. Separately, Greenbrier expects revenue of approximately $1.1 billion in the quarter. read more

Bigge Adds Liebherr’s LRT 1130 Crane to Fleet

Bigge Crane and Rigging added Liebherr’s newest LRT 1130-2.1 rough terrain crane to its fleet at ConExpo 2023. The German-engineered crane features 140 U.S.-ton lifting capacity and the longest telescopic boom of any two-axle rough terrain crane.  read more

Ritchie Bros. Sells More Than $52MM in Equipment at Rocky Mountain Regional Event

Ritchie Bros. sold more than 5,100 items from three locations in its recent Rocky Mountain regional event, generating more than $52 million in gross transaction value. read more

Ryder Launches Discount Program for Women in Trucking

Ryder System launched a discount program for women-owned businesses that are a member of the Women in Trucking Association (WIT). Ryder is a member active participant of WIT. read more

XCMG to Exhibit Excavator Line-up at CONEXPO CON/AGG 2023

XCMG Excavator, a subsidiary of Xuzhou Construction Machinery Group, will exhibit its most expansive line up of excavator products to date at CONEXPO-CON AGG in Las Vegas. The trade show will be held at the Las Vegas International Convention Center from March 14 to 18. read more

Manitex Launches ECSY-Electric Crane System 

Manitex International, an international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, launched the ECSY-Electric Crane System in conjunction with opening day of CONEXPO-Las Vegas. read more

Kaman Enters Commercial Agreement with PHI Aviation

Kaman Aerospace and PHI Aviation entered into a master commercial agreement for the promotion, sales and support of a commercial version of Kaman’s KARGO UAV unmanned aerial system, including collaboration relating to its ongoing design and certification. read more

Global Jet Capital: 2022 Was a ‘Strong’ Year for Business Jet Market

According to a report from Global Jet Capital, thanks to improving flight operations and increased aircraft listings and transaction activity compared with pre-pandemic levels amid a stabilizing pricing environment, 2022 was a strong year for the business jet market. read more

Volvo Accounts for Nearly Half of North American Heavy Electric Trucks in 2022

Volvo Trucks has sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks has a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks. read more

Ritchie Bros. Auction Hits More Than $61MM in Houston

Ritchie Bros. attracted more than 14,500 bidders to compete for more than 6,500 items, generating more than $61 million in gross transaction value at its first Houston site auction of the year. read more

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