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

JUL 19, 2023 - 6:47 am

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

JUL 14, 2023 - 7:06 am

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

JUL 12, 2023 - 6:52 am

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

JUL 5, 2023 - 7:12 am

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

JUN 23, 2023 - 7:00 am

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

JUN 20, 2023 - 6:56 am

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

JUN 16, 2023 - 5:53 am

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

JUN 15, 2023 - 5:54 am

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

JUN 15, 2023 - 5:49 am

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

JUN 13, 2023 - 6:54 am

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

JUN 13, 2023 - 6:50 am

According to ACT Research, preliminary North American Class 8 net orders bounced back in May with 15,500 units, up 10% year over year and 29% month to month, while preliminary Classe 5-7 orders surged 27% year over year with 19,000 units (up 3% month over month). read more

JUN 5, 2023 - 6:50 am

According to ACT Research, used Class 8 retail volumes (same dealer sales) declined 23% month over month in April, while average mileage declined by 1%, with average prices down 8% and age up 3%. read more

MAY 31, 2023 - 6:59 am

Volvo Trucks signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, a provider of building solutions headquartered in Switzerland. read more

MAY 23, 2023 - 6:45 am

In a recent report, Global Jet Capital projected $195 billion in total business aviation transaction volume for both new and pre-owned transactions between 2023 and 2027 with a compound annual growth rate of 3.1%. read more

MAY 22, 2023 - 7:13 am