Equipment Sector

Caterpillar Plans Showcase for CES 2023

Caterpillar will showcase its technology solutions that are helping its customers build a better, more sustainable world at CES 2023. The exhibit will highlight the impact Caterpillar and Cat technologies are making in the mining and construction industries. read more

Aeva and Plus Launch Next Gen Design for PlusDrive Trucking Solution

Aeva, a next generation sensing and perception systems company, and Plus, a global provider of autonomous driving solutions, released a design for the next generation PlusDrive highly automated driving solution integrated with Aeva’s Aeries II 4D LiDAR sensor. read more

XCMG Machinery Sends Tower Crane to Serve Mega-Scale Bridge Construction Project

XCMG Machinery sent off the second unit of XGT15000-600S, a tower crane jointly developed by XCMG and China Railway Major Bridge Engineering, to serve in the construction project of Changtai Yangtze River Bridge, a diamond-type cable-stayed bridge. read more

Class 8 Net Orders ‘Robust’ in November

According to ACT Research’s State of the Industry: NA Classes 5-8 report, November Class 8 net orders of 32,600 were robust, bringing the most recent three-month total to 128,000. read more

Diana Shipping Completes Sales and Leaseback of Dry Bulk Vessel

Diana Shipping completed a previously announced sale and leaseback agreement with an unaffiliated Japanese third party for the DSI Andromeda, a 2016-built Ultramax dry bulk vessel. read more

November US Trailer Orders Drop M/M, Increase Y/Y

According to ACT Research’s recent issue of its State of the Industry: U.S. Trailers report, November net U.S. trailer orders of 39,590 units were 17% lower compared to October, 27% lower on a seasonally-adjusted basis and 22% above the year-ago November level. read more

November Used Class 8 Same Dealer Sales Down 19%

According to ACT Research's latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 retail volumes (same dealer sales) were down 19% month to month in November. read more

Zoomlion Releases First Intelligent Construction Package in China

Zoomlion Heavy Industry Science & Technology, Ltd., a construction machinery company, released the industry's first intelligent construction packaged solution on Dec. 15 in the Earthmoving Machinery Smart Park of the Zoomlion smart industrial city in Changsha, Hunan, CN. read more

Freight Rates and Supply-Demand Balance Decrease

According to ACT Research’s For-Hire Trucking Index, the supply-demand balance and volumes have decreased recently while freight rates have also continued to decline. read more

Ritchie Bros. Sells More Than $86MM at Recent Auction

Ritchie Bros. conducted its largest auction in Texas this month, selling more than $86 million of equipment and trucks for more than 800 consignors in three days. The auction was held in Fort Worth, TX. read more

Chinese CV Market Demand Continues Strong Decline in Q3/22

Chinese commercial vehicle market demands for heavy trucks, medium trucks and tractors continued a strong decline, affected by policy, market and economic factors, according to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK. read more

ACT Research Says ‘Loose Market’ to Equalize in 2023

ACT Research released the December installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. read more

Business Jet Market Exhibits Strong Performance in Q3/22

According to Global Jet Capital’s Q3/22 business aviation market brief, the business jet market exhibited strong performance in the third quarter, continuing a trend that began in the second half of 2020. read more

Class 8 Net Orders Reach 33K Units in November

According to ACT Research, Preliminary NA Class 8 net orders in November were 33,000 units, while NA Classes 5-7 net orders were 21,400 units. ACT will publish complete industry data for November, including final order numbers, in mid-December. read more

United Rentals Releases Emissions Information in Online Catalog

United Rentals announced its online rental catalog now includes emissions level information for all equipment. This allows companies to make more informed decisions to choose the right equipment that supports their jobsite needs and sustainability goals. read more

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