Equipment Sector

ACT Research: Supply ‘Key Determinant’ for 2021 Commercial Vehicle Markets

According to ACT Research, the demand story for commercial vehicles remains unchanged in 2021 vs. 2020, but the supply chain’s ability to respond to demand will be the key determinant of Class 8 and van trailer production through the rest of the year. read more

ISM: Hospital Subsector Grows in January; PMI at 55.8%

Economic activity in the hospital subsector grew in January for the eighth consecutive month, according to the nation’s hospital supply executives in the latest Hospital ISM Report On Business. read more

ACT Research: Preliminary NA Classes 5-8 Vehicle Orders Cool at Start of 2021

Preliminary North American Class 8 net orders in January 2021 were 42,200 units, down 17% from December but a 146% improvement from January 2020, according to ACT Research. read more

ACT Research: Class 8 Natural Gas Truck Retail Sales Fall 9% Through November 2020

U.S. and Canadian Class 8 natural gas truck retail sales for the first 11 months of 2020 dropped 9% year to date compared with 2019, according to a quarterly report from ACT Research. read more

ACT Research: Concerns About Build Outweigh Those About Demand for CV Markets

In the recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that it raised its forecasts across the board in January amid greater-than-expected build rates, which continue to apply upward pressure to forecasts. read more

Used Class 8 Sales Volume Up as Average Price, Miles, Age Fall at Close of 2020

According to ACT Research, used Class 8 same dealer sales volumes, average price and average age all rose month over month in December. However, while 2020 same dealer sales volumes were up 22%, average price, miles and age were all below December 2019 year-to-date rates. read more

ACT Research: 2020 Only ‘One Quarter Bad’ for Truck Transportation & Heavy-Duty Markets

According to ACT Research’s recently released Transportation Digest, 2020 was only “one quarter bad” for truck transportation and heavy-duty markets. read more

J.D. Power: Class 8 Market Finished 2020 on a High Note

In a new report, analysts from J.D. Power Valuation Services reported that all channels of the Class 8 market closed out 2020 on a high note. In addition, J.D. Power analysts reported that medium duty truck pricing fluctuated throughout 2020 but ended the year showing mild depreciation. read more

ACT Research: December Net Trailer Orders Up 11% M/M, 150% Y/Y

ACT Research reported that there were 43,806 net U.S. trailer orders in December, which was an 11% increase from the previous month and a 150% increase compared with December 2019. read more

Scorpio Bulkers Sells 2 Ultramax Vessels

Scorpio Bulkers entered into an agreement with an unaffiliated third party to sell the SBI Leo and SBI Lyra, two Ultramax bulk carriers built in 2015, for approximately $35 million in aggregate. Delivery of the vessels is expected to take place in Q1/21. read more

Bombardier to Add to GTS Rail’s Locomotive Fleet

Italian intermodal freight operator GTS Rail made a new order for three additional BOMBARDIER TRAXX DC3 E.494 locomotives for its fleet from Bombardier Transportation. read more

ACT: North American Commercial Vehicle Demand Strongly Positioned to Start 2021

According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, challenges facing commercial vehicle OEMs and suppliers in January 2021 are vastly different from those that were being addressed one year ago. read more

ACT: Class 8 Volumes Were 25% Higher in 2020 vs. 2019

Preliminary used Class 8 volumes were 25% higher in 2020 compared with 2019, according to ACT Research, which further noted that preliminary used Class 8 volumes rose 11% month over month in December. Compared with December 2019, volumes gained 27%. read more

ACT: Preliminary Data Shows 140% Y/Y Increase in Net Trailer Orders in December

Preliminary information for December indicates that the U.S. trailer industry booked 42,500 net orders for the month, which was 7% better than November and 140% above year-ago levels, according to ACT Research. read more

Ritchie Bros. Reports Rise in Prices for Used Equipment Across Categories in 2020

In its latest used equipment market trends report, Ritchie Bros. said that it drew record buyer demand in 2020 as its auctions were held 100% online. Ritchie Bros. noted that the increased demand resulted in price inflation across all equipment categories. read more

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