According to an industry survey from Fleet Advantage, roughly four of every 10 fleets were operating at 80% of normal utilization due to the COVID-19 pandemic. As a result, 27% of organizations said they were forced to downsize their fleets. read more

OCT 27, 2020 - 7:08 am

Scorpio Bulkers entered into an agreement with an unaffiliated third party to sell the SBI Hyperion, an Ultramax bulk carrier built in 2016, for approximately $17.5 million. Delivery of the vessel is expected to take place in Q4/20. read more

OCT 26, 2020 - 7:07 am

According to ACT Research, September net U.S. trailer orders of 51,208 units were up 82% compared with August and 174% compared with September 2019. read more

OCT 23, 2020 - 7:09 am

Fleet Advantage has been active in the sales of off-lease used trucks this year, with total units sold exceeding 400 units and sales in excess of $10 million in its fiscal first quarter ending Sept. 30, 2020. read more

OCT 20, 2020 - 7:12 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, commercial vehicle demand into 2021 should not be counted among the concerns regarding the economy in the coming months. read more

OCT 20, 2020 - 7:01 am

Preliminary used Class 8 volumes were virtually flat month over month in September, rising just 1%, according to ACT Research. On a longer-term basis, volumes rose 51% compared with September 2019. read more

OCT 16, 2020 - 6:57 am

In its October market trends report, Ritchie Bros. reported that prices for most equipment categories, including used heavy equipment, truck tractors and vocational trucks remained steady or even increased year over year in October 2020 in both the U.S. and Canada. read more

OCT 14, 2020 - 6:45 am

According to Frost & Sullivan, digital and connectivity services will significantly influence commercial vehicle market recovery post-COVID-19, which will be slow, with production volumes anticipated to reach pre-COVID-19 levels after 2024. read more

OCT 14, 2020 - 6:40 am

ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. Tim Denoyer, vice president and senior analyst for ACT Research, said, “freight recovery will still likely continue next year, when equipment will become a greater capacity bottleneck.” read more

OCT 13, 2020 - 7:07 am

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, after pulling the cycle forward in September, ACT’s front-of-the-cycle forecasts were marked up across the board again in October. read more

OCT 12, 2020 - 7:03 am

Preliminary NA Class 8 net orders in September were 31,100 units, which were up 60% from August and 145% compared with September 2019, according to ACT Research. read more

OCT 5, 2020 - 7:21 am

The latest release of ACT Research's For-Hire Trucking Index showed a continuing tight trucking market, with volume and rate surges ongoing and driver availability deteriorating. read more

SEP 29, 2020 - 6:58 am

According to ACT Research, the unforeseen robustness of a “perfect storm” of positives into late spring and summer following the initial shock of COVID-19 shutdowns and other mitigation efforts has resulted in sharp upgrades in commercial vehicle expectations since May. read more

SEP 28, 2020 - 7:10 am

The U.S. economy is recovering in a K-shaped pattern, meaning some segments are enjoying a more V-shaped recovery, while others are mired on an L-shaped trajectory, according to ACT Research’s recently released Transportation Digest, read more

SEP 25, 2020 - 5:30 am

Fleet Advantage released its latest Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of older-model Class 8 trucks to 2021 model-year replacements. Fleets continue to see wide-scale operational savings when upgrading to newer model-year trucks. read more

SEP 23, 2020 - 5:45 am