Equipment Sector

Solectrac Expands Nationwide Electric Tractor Sales Network with Three New Dealer Partnerships

Solectrac, makers of electric tractors and an operating company of Ideanomics expanded its certified dealer network with the addition of Ocala Tractor, Schow's and Georgia Land Equipment in Florida, Idaho and Georgia. read more

ACT Research: Used Class 8 Sales Rise 8% M/M and 38% Y/Y in May

According to ACT Research’s latest release of its State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 retail volumes (same dealer sales) were 8% higher month over month in May. Longer term, volumes were down 38% year over year. read more

ACT Research: Demand for Heavy Trucks in China Falls 50% Y/Y in Q1/22

According to ACT Research, domestic demand for heavy trucks in China fell more than 50% year over year in Q1/22, while the tractor market shrank almost 67% and domestic demand for medium-duty trucks dropped 46% compared with Q1/21. read more

ACT Research: US Net Trailer Orders Up 93% Y/Y in May, Largely Unchanged M/M

According to ACT Research, May net U.S. trailer orders of 19,445 units were virtually unchanged compared to April, falling just 0.8% month over month. However, May’s order numbers were 93% higher compared with May of 2021. read more

Infiniti Energy Closes on $117MM in Financing to Support Commercial Solar Projects

Infiniti Energy closed on an up to $87 million tax equity facility and a $30 million construction revolver earmarked to support a portfolio of commercial solar projects. read more

Ritchie Bros.: Truck Tractor Prices Rise 46% Y/Y in June

According to Ritchie Bros.’ June market trends report, truck tractor prices are up approximately 46% year over year in the United States, but the rate of increase is down six percentage points from last month. read more

FedEx Receives 150 Electric Vehicles from BrightDrop to Advance Fleet Electrification

FedEx received its first 150 Zevo 600 electric delivery vehicles from BrightDrop, the technology startup from General Motors that is aiming to decarbonize last-mile delivery. The first 150 BrightDrop Zevo 600s were delivered throughout Southern California to FedEx Express. read more

ACT Research: Class 8 Retail Volumes Decline M/Y and Y/Y in May

According to the latest preliminary data from ACT Research, preliminary used Class 8 retail volumes (same dealer sales) in May fell 10% month over month and were 40% lower compared to May of 2021. read more

ACT Research: May Preliminary US Trailer Orders Rise 111% Y/Y

According to preliminary data from ACT Research, net U.S. trailer orders in May reached 18,300 units, which was down about 7% from April but up 11% compared with May 2021. read more

ACT Research: Lack of Semiconductor Availability Continues to Hamper OEM Production

In the recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that its analysts are less confident that supply chain issues will subside enough for commercial vehicle OEMs to fully meet customer demand this year and next. read more

ACT Research: Class 8 Orders Drop in May, Improving Overbooking Trend

Preliminary NA Class 8 net orders in May were 14,000 units, while NA Classes 5-7 net orders moderated to 17,000 units, according to ACT Research. read more

ACT Research: Class 8 Tractor Dashboard Top Line Drops Again in March

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 tractor dashboard lowered in March, extending a decline that started in January. read more

ARCH Cutting Tools Acquires Diversified Precision Products

ARCH Cutting Tools, acquired Diversified Precision Products, a company that specializes in custom round tools and work rest blades for the automotive, medical, agricultural, heavy equipment and aerospace industries. read more

Holcim Places Hypertruck ERX Order with Hyliion

Holcim US, a provider of building solutions focused on low-carbon construction, ordered 10 units backed by deposits to secure Hypertruck ERX production slots from Hyliion, an electrified powertrain solutions provider for Class 8 semi-trucks. read more

ACT Research: US Trailer Orders Decrease 48% M/M, Rise 23% Y/Y in April

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer report, April net U.S. trailer orders of 19,614 units decreased more than 48% from the previous month but were 23% higher compared with April of 2021. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com