Equipment Sector

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

ACT Preliminary Used Class 8 Data Shows Volumes Up 54% M/M, 6% Y/Y

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

EquipmentWatch: Key Steps to Future-Proof Construction After COVID-19

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

Ritchie Bros.’ Market Trends Show Prices Down Y/Y Across All Sectors

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

ACT 2020 Commercial Vehicle Forecasts Marked Up in July

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

IHS Markit: Energy Companies Turn to Renewables for Oil and Gas Operations

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

ACT Forecast: Pandemic Creates Driver Shortage, Pulls Rate Cycle Forward

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

XS Financial Confirms Third Tranche Drawdown with PharmaCann

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

IDC: Traditional PC Shipments Up 11.2% Y/Y Amid Global Economic Slowdown

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

Daimler Provides Q2/20 Update, Reports 38% Decline in Truck Sales During H1/20

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

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