Equipment Sector

ACT: July YTD Class 8 Sales Up, Average Price, Miles & Age Down

Preliminary used Class 8 volumes (same dealer sales) grew 16% month-over-month in July, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. read more

ACT Research: CV Forecasts Upgraded for 2020

Commercial vehicle forecasts for 2020 were marked up across the board in August, according to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, which cites the uptick as a result of a robust “perfect storm” of positives in late spring and summer. read more

ACT: Spot Rate Spike Arrives, Contract Rate Increases Following Soon

In the August installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report, ACT Research forecasted rates for the next 12 to 15 months, noting that spot rate measures are up 30% year over year. read more

ACT: Preliminary Data Show Orders for NA Classes 5-8 Vehicles at Six-Month High

Preliminary North American Class 8 net orders in July were 20,300 units, rising 27% from June and up 98% compared with July 2019, according to ACT Research. read more

UD Trucks and Australia Post Commit to Allison Transmissions

Allison Transmission, a global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, and UD Trucks are partnering to produce an automatic option for trucks in Australia. read more

Penske Deploys Battery Electric Truck with Core-Mark

Penske Truck Leasing's electric vehicle program added long-time customer Core-Mark International. Core-Mark aligned with Penske to deploy a battery electric Freightliner eCascadia into its fleet. read more

GNA to Release Report on State of Sustainable Fleets

Gladstein, Neandross & Associates is authoring a report on the current and future adoption of clean and advanced vehicles across the U.S. on-road transportation industry. read more

ACT Research: Used Class 8 Dealer Sales Volume in H1/20 Down 6%

According to ACT Research, used Class 8 same dealer sales volumes in the first half of 2020 were up 6% year to date against the first half of 2019, with average price down 15%, miles down 2% and age down 7% compared with June 2019 year-to-date rates. read more

XCMG Delivers More Than 100 Units of Road and Excavating Equipment to the U.S.

XCMG US received more than 100 units of road and excavating equipment manufactured by XCMG in the beginning of July. The equipment will serve in local infrastructure and construction projects. read more

ACT Research: Rise in COVID-19 Cases Threatens Commercial Vehicle Recovery

According to ACT Research, the tug of war between positive and negative influences on the business environment and trucking reached a pivotal juncture at the end of June, but escalation in new COVID-19 cases since mid-June threatens to abort this nascent recovery. read more

ACT Research’s For-Hire Trucking Index Continues Rebound in June

According to the ACT Research’s June For-Hire Trucking Index, there was continued and significant improvement in the diffusion index measures tracked. June’s Volume Index rose to 70.4 from 19.3 in April and 50.2 in May. read more

ACT: U.S. Trailer Net Orders Significantly Improve in June

According to ACT Research, June net U.S. trailer orders totaled 13,441 units, marking a 333% increase from May and an 112% increase from June 2019’s level. Before accounting for cancellations, new orders were up 117% vs. May and 41% better on a year-over-year basis. read more

ACT: Class 8 Natural Gas Truck Retail Sales Fall 22% Through May

U.S. and Canadian Class 8 natural gas truck retail sales for the first five months of 2020 dropped 22% year to date compared with the same period in 2019, according to a quarterly report from ACT Research. read more

Sandhills Outlines Depreciation Curve of Heavy Duty Construction Equipment & Trucks

A recent market data report from Sandhills Global illustrated that equipment never depreciates at a fixed, linear rate. Market forces, supply and demand, and equipment age all play a significant role in how quickly or slowly used equipment depreciates. read more

CIT Leads $126MM Financing for 108-Megawatt Solar Project

CIT’s power and energy unit arranged $126 million in financing for the 108-megawatt direct current Trent River Solar project on behalf of Pine Gate Renewables. read more

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