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
JUL 27, 2020 - 7:13 am
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
JUL 24, 2020 - 7:11 am
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
JUL 23, 2020 - 7:25 am
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
JUL 22, 2020 - 7:03 am
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
JUL 20, 2020 - 6:48 am
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
JUL 17, 2020 - 7:11 am
ACT Research reported preliminary used Class 8 volumes grew 54% month over month in June. Longer-term, volumes rose 6% compared with June 2019 but were flat year to date. read more
JUL 17, 2020 - 6:55 am
A new report from EquipmentWatch examines the key trends, challenges and opportunities for construction firms in the face of COVID-19 and related economic setbacks. read more
JUL 16, 2020 - 7:09 am
Data from Ritchie Bros. shows major sector prices are lower than 2019 but the rate of decline has continued to moderate, with the U.S. and Canada showing stability across key equipment categories. read more
JUL 16, 2020 - 6:59 am
ACT Research forecasted a commercial vehicle uptick due to $6 trillion in stimulus, better than expected economic activity, boosted freight rates and preliminary June metrics that were well above trend. read more
JUL 15, 2020 - 6:34 am
IHS Markit research revealed that oil and gas field operations are beginning to be fueled by renewable energy to reduce carbon emissions associated with operations. read more
JUL 14, 2020 - 6:45 am
The July ACT Freight Forecast reported that a near-term driver shortage combined with low truck production will see the medium-term trend moving higher on tighter supply and recovering demand. read more
JUL 14, 2020 - 6:40 am
PharmaCann continues to draw down on its lease with XS Financial, bringing the total to date to approximately $2.8 million for new equipment. read more
JUL 13, 2020 - 6:45 am
IDC reported that Q2/20 ended well for the traditional PC market with global shipments growing 11.2% year over year and reaching a total of 72.3 million units. read more
JUL 10, 2020 - 6:50 am
According to Daimler, truck sales fell by 38% to around 150.000 vehicles in the first six months of 2020 as a result of the COVID-19 pandemic and the already weaker market environment, especially in Europe and North America. read more
JUL 9, 2020 - 8:09 am