Equipment Sector

July Class 8 Truck Orders Jumped 45% Y/Y

According to preliminary data from ACT Research, there were 16,000 net orders of Class 8 trucks in North America in July, marking a 45% year-over-year jump, while there were 16,600 net orders of Classes 5-7, marking a 21% year-over-year increase. read more

ACT Research Reports Increasingly Tough Conditions for Trailer Customers and Dealers in June

Clouds on the horizon for the trailer market bear watching even if the summer is the seasonally weakest time of the year for forward-looking metrics, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. read more

Lion Electric Opens Manufacturing Facility for All-Electric Commercial Vehicles

The Lion Electric Company opened a 900,000 square foot facility in Joliet, IL, that will serve as a U.S. plant dedicated to all-electric medium and heavy-duty commercial vehicle production. According to the company, the facility is the largest of its kind.  read more

Seasonally Weak Orders, Recovering Supply Chains Enable Elevated Class 8 Production in June

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, June’s Class 8 backlog decline met expectations, as seasonally weak orders ran headlong into strong production. read more

June Used Truck Market Enjoys Historically Expected Sales Gains

According to the latest preliminary release of ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks report, preliminary Class 8 same dealer used truck retail sales volumes improved again in June, rising 4% month over month. read more

ACT Research: US Freight Market Bouncing Along the Cycle Bottom

According to ACT Research, driver capacity models suggest recent record declines in freight rates should be pushing out more jobs while tremors in the LTL market could press an industry rebalancing forward. read more

Inventory Levels in Used Heavy-Duty Truck, Construction Machinery and Semitrailer Markets Increase

According to Sandhills Global’s newest market reports, used heavy-duty truck, semitrailer and construction machinery in Sandhills marketplaces in June followed the same trends observed in previous months, with inventory levels increasing, driving asking and auction values down. read more

TEL Unveils Fleet Maintenance and Reconditioning Facility in Greenfield, IN

Transport Enterprise Leasing unveiled a new 56,000 square-foot fleet maintenance and reconditioning facility in Greenfield, IN, in the east Indianapolis metro area.  read more

US Trailer Industry Demand Dynamic is Shifting

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report, ominous clouds are on the horizon that bear watching closely moving forward, with one being a significant uptick in trailer cancellations for a second consecutive month. read more

Class 8 Backlog on a Downward Trajectory until 2024 Orderboards Open

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, the most notable data points this month were heavy duty and medium duty retail sales, which were each up by double digits on a year-over-year basis. read more

ACT Research: May Net Trailer Orders Fall 54% Y/Y

According to ACT Research, May’s preliminary net trailer orders decreased sequentially and were lower against longer-term comparisons, with 9,100 units (11,950 seasonally adjusted) projected to have been booked during the month. read more

Global Commercial Passenger Aircraft Fleet to Nearly Double by 2042

According to Avolon, the worldwide commercial passenger aviation fleet will almost double by 2024, growing 94% to 46,880 aircraft. Avolon estimates that more than $4 trillion will be required to finance the new passenger commercial aircraft to be delivered over the next 20 years. read more

ACT Research: US Freight Cycle Near Bottom

According to the latest release of ACT Research’s Freight Forecast, U.S. Rate and Volume Outlook report, although April likely marked the bottom of the spot rate down cycle, elevated Class 8 build rates will limit near-term upside. read more

Mullen Automotive Partners with Phenix to Develop Truck Body for Class 3 EV

Mullen Automotive, an emerging electric vehicle manufacturer, announced the development of a light-weight truck body for its Class 3 EV with Phenix Truck Bodies & Van Equipment. read more

ACT Research Forecasts Slights Increases in Class 8 Retail Sales for Rest of 2023

According to ACT Research, forecasts for the Class 8 market call for slight year-over-year increases in retail sales and production volumes in 2023, reflecting stronger momentum into Q3/23. However, ACT continues to forecast deteriorating sales and build in Q4/23. read more

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