Equipment Sector

Net Trailer Orders Experience Dip in January as Demand Remains Strong

According to preliminary data from ACT Research, net trailer orders dipped in January to 24,200 units (22,000 when seasonally adjusted). Final January results will be available later this month, but the preliminary market estimate should be within 5% of the final order tally. read more

Gatwood Crane Service Expands Operations with Fleet and Equipment Purchase

Gatwood Crane Service, a wholly-owned subsidiary of The Bay Crane Companies, purchased 43 cranes and other related support equipment from CC Acquisition (dba Chelino Crane), a wholly-owned subsidiary of ML Crane Group. read more

Fleet Advantage Survey Shows Increasing Use of Leasing for Commercial Fleets

According to Fleet Advantage's latest industry benchmarking survey, 42% of respondents said they are leasing their trucks, which was up from 31% last year and 14% two years ago. read more

Ritchie Bros. to Showcase Insights at CONEXPO-CON/AGG

Ritchie Bros. will showcase its growing list of insights, services and transaction solutions at CONEXPO-CON/AGG, an equipment tradeshow in North America to be held in March in Las Vegas. read more

Ritchie Bros.’ February Auction to Surpass 10K Equipment Items and Vehicles

Ritchie Bros. will host its February auction in Orlando, FL, its premier global event, from Feb. 20 to Feb. 24. The event will feature more than 10,000 items from more than 800 owners, with all items to be sold to the highest bidders regardless of price. read more

TCC Financial Closes $30.8MM Senior Secured Term Loan Facility For California Equipment Company

TCC Financial, the U.S. lending division of Travelers Capital, a Canadian-based asset-based lender, announced the closing of a $30.8 million senior secured term loan facility to support the growth and development needs of a leading heavy equipment rental business headquartered in California. read more

US Trailer Orders End 2022 at Near-Record Levels

December 2022 net US trailer orders of 57,300 units were nearly 46% higher compared to November and 115% above December 2021, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. read more

DSV Places Hypertruck ERX Order with Hyliion Holdings

Hyliion Holdings, a provider of electrified powertrain solutions for Class 8 semi-trucks, announced that DSV has placed an initial order for 10 Hypertruck ERX units to be deployed in its North American road freight business. read more

ACT Research: Freight Market Balance Loose with Signs of Bottoming

The latest release of ACT Research’s For-Hire Trucking Index showed volumes and the supply-demand balance increased in December, while freight trucking rates continued to decline. read more

2023 Global Aviation Sector Outlook: Cautious Optimism Follows Another Disquieting Year

According to a new outlook report, Kroll Bond Rating Agency remains optimistic about the gradual but certain recovery in the aviation markets despite another year of upheaval in economies globally in 2022, which was exacerbated by geopolitical tensions. read more

More Than 300K Class 8 Units Were Sold in 2022

According to ACT Research, there were 309,615 Class 8 units sold in the United States in 2022, including what ACT described as “healthy” and record-setting net orders of 34,415 units in December and 159,000 orders from September to the end of the year. read more

Ritchie List Surpasses More Than 75K Equipment & Vehicle Listings in 2022

Ritchie List, based on Ritchie Bros.' Mascus technology, grew its customer base by more than 300% last year and surpassed 75,000 active listings for equipment, vehicles and other assets. read more

Ritchie Bros. Financial Services Funds $1B in Equipment and Vehicle Purchases in 2022

Ritchie Bros. Financial Services surpassed $1 billion in annual funded volume in 2022 for the first time in its 11-year history, helping tens of thousands of customers around the world purchase used equipment, vehicles and other industrial assets. read more

John Deere Chooses 2023 Startup Collaborators

John Deere released the names of eight companies chosen for its 2023 Startup Collaborator program. read more

Caterpillar Plans Showcase for CES 2023

Caterpillar will showcase its technology solutions that are helping its customers build a better, more sustainable world at CES 2023. The exhibit will highlight the impact Caterpillar and Cat technologies are making in the mining and construction industries. read more

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