Equipment Sector

Ritchie Bros. Transactions Surpass $295MM Over Five Days of Online Auctions

Ritchie Bros. sold over 35,000 equipment items and trucks in 29 online auctions across five countries in five days. read more

Bombardier to Supply 27 OMNEO Premium Trains to French National Railway Company

Bombardier Transportation has received a total of 27 firm orders valued at more than $450 million for its BOMBARDIER OMNEO Premium, double-deck, electric multiple unit trains from the French National Railway Company. read more

ACT: COVID-19 Impact Continues, Data Showing Improvement

COVID-19 continues to depress economies, with June marking the fourth month of the most severe business cycle downturn since the Great Depression, according to ACT Research. read more

Fleet Advantage Unveils Safety First Program to Help Fleets Mitigate Risk

Under the Safety First Program, Fleet Advantage will purchase older model tractors and lease them back for an interim period while a company transitions to new trucks with the latest safety technology. read more

ACT For-Hire Trucking Index: May Data Rebounds After “Worst Readings” In History

May data from ACT’s For-Hire Trucking Index showed significant improvement in all five diffusion index measures tracked. read more

ARGUS Releases White Paper on Disruption of Business Aviation Flight Activity

ARGUS released its analysis of the disruption caused by COVID-19 on business aviation flight activity. The publication outlines the global pandemic’s continued impact on the business aviation community and provides longer-term predictions. read more

ACT: U.S. Trailer Net Orders Up 29% M/M, Down 71% Y/Y

ACT Research reported May net U.S. trailer orders improved significantly since April but remain 71% below May 2019 levels. Before accounting for cancellations, new orders of 7,400 units were up 29% versus April. read more

Ritchie Bros. to Sell More Than 35K Items Across 29 International Auctions

This week, Ritchie Bros. will sell more than 35,000 equipment items in 29 auctions across the U.S., Canada, France, Germany and Australia. read more

Ideanomics MEG Unveils Global Strategy, Expands Truck Division to Include H2FCVs

Mobile Energy Global's truck and specialty vehicle sales unit will be renamed Medici Motor Works. The rebranding is the culmination of several months of real-world testing and validation within China-based markets. read more

Volvo Deploys First Pilot All-Electric VNR Truck in Southern California

Volvo Trucks North America deployed its first pilot VNR Electric truck in Southern California. Starting in 2021, Southern California businesses will have the opportunity to lease Volvo VNR Electric trucks from TEC Equipment. read more

ACT: May Commercial Vehicle Data Shows Pandemic’s Mark

According to an ACT Research report, the economy continues to reopen after falling sharply the past few months. Kenny Vieth, president and senior analyst at ACT Research, noted that “the economic recovery currently underway is thin and heavily subsidized.” read more

MUFG Finds Divergent Effects of COVID-19 on Tech & Telecom Companies

While COVID-19 adds a layer of uncertainty over the short- and medium-term outlook of many tech and telecom companies, MUFG reported that secular trends for the sector remain favorable in the long term. read more

ACT Freight Forecast: Bottoming Process Accelerates, Rate Rebound at Risk

Freight market stabilization progressed this month with a strong rebound in spot rates, according to the June ACT Freight Forecast. read more

Ritchie Bros.: Used Equipment Price Decline Begins to Moderate

"The rate of decline in used equipment prices shows signs of moderation," according to Ritchie Bros.' June report of equipment pricing trends. read more

Global Enterprise External OEM Storage Systems Market Revenue Down 8.2% in Q1/20

Global market revenue for enterprise external OEM storage systems declined 8.2% year over year to $6.5 billion in Q1/20 according to the IDC Worldwide Quarterly Enterprise Storage Systems Tracker. read more

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