Equipment Sector

Ritchie Bros. Sells More Than $81MM of Equipment in Fort Worth-Based Online Auction

Ritchie Bros. conducted its largest ever Fort Worth, TX auction held with online-bidding only, selling close to 5,300 equipment items and setting a new site bidder record. read more

ACT: May Data Show Depth of Supply Chain Disruption in CV Industry

ACT Research preliminary May NA Class 8 net orders were up 56% from April but down 38% year over year, while NA Classes 5-7 market orders improved 5.3% month-over-month, despite being down 57% from the year-ago. read more

ACT Forecast: CV Production to Fall 66%, Engine Demand Muted in Tandem

Truck and tractor production volumes are forecast to fall precipitously in 2020, and with them the demand for engines, according to ACT Research and Rhein Associates. read more

Global Commercial Aircraft Market to Focus on Digital Solutions and Leasing Post-COVID-19

To take advantage of growth opportunities related to the crisis, a Frost & Sullivan study suggests aerospace companies should invest in digital platforms and take advantage of the overabundance of lease returns. read more

Hilco & Gordon Brothers Partner to Disperse CAT Mining Fleet in South Africa

Hilco Global APAC and Gordon Brothers partnered to disperse a fleet of late model Caterpillar 100T-class mobile mining assets located in South Africa. read more

Overseas Shipholding Group, Greenbrier Announce Major New Vessel Build

Overseas Shipholding Group received delivery of the OSG 204, a 204,000 barrel capacity oil and chemical tank barge for dual mode ITB service pursuant to U.S. Coast Guard NVIC 2-81, Change 1. The barge is among the largest in the history of Greenbrier Marine. read more

IDC: Wearable Device Global Shipments Up 29.7% Y/Y in Q1/20

Global shipments of wearable devices grew 29.7% year over year during the first quarter of 2020 as total device volume reached 72.6 million units, according to new data from IDC. read more

Deloitte: Elective Healthcare Volume Could be Down for Up to Six Months

Clinical leaders surveyed by Deloitte estimated that the elective procedure volume in April 2020 was only about 16% of the usual volume. Their single biggest concern about resuming deferred procedures was the possibility of an outbreak or second wave (82%). read more

GAMA Deliveries Decline Across All Segments in Q1/20

Comparing Q1/20 to Q1/19, piston airplane deliveries declined 11.7%, turboprop deliveries declined 41.8% and business jet deliveries declined 19.1%, according to GAMA. The value of airplane deliveries through Q1/20 was $3.4 billion, a decline of approximately 21.3%. read more

ACT: Economic Growth in Post-COVID-19 Forecast

ACT Research predicted that the economy will transition from contraction to growth over the course of Q3/20 and Q4/20. read more

Steel Partners’ Assets Go to Virtual Public Auction

GA Global Partners will auction Steel Partners’ assets, including metal fabrication equipment, material handling, steel inventory, trucks, trailers, and more. read more

ACT: April Used Truck Metrics Down 15% M/M, Up 8% YTD

Used Class 8 same dealer April sales dropped 15% month-over-month and 7% year-over-year but held onto an 8% year-to-date gain. read more

ACT: COVID-19 Impact Severity Peaks, Potential for Recovery Emerging

North American and global economies are experiencing the most severe COVID-19 impacts but second half recovery potential is emerging, according to the ACT Research Transportation Digest. read more

ACT: U.S. Trailer Net Orders Dropped 97% M/M, 99% Y/Y

April net U.S. trailer orders of 209 units were down 97% month-over-month and 99% below the previous year, according to ACT Research's State of the Industry: U.S. Trailer Report. read more

ACT: April CV Data Lowest in Decades, Shows Full COVID-19 Impact

Class 8 net orders at their lowest level since September 1995 and medium-duty orders at their worst in a decade, according to ACT Research’s latest State of the Industry: NA Classes 5-8 Report. read more

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