Equipment Sector

ACT: Used Truck Prices Strong in May, Equipment Supply Remains Tight

Used truck sales volumes rose 12% on a year-to-date basis compared to the same period in 2017, according to ACT Research. read more

Penske, NFI Partner for Freightliner Electric Innovation Fleet

Daimler Trucks North America announced that Penske Truck Leasing and NFI agreed to partner in operating the Freightliner Electric Innovation Fleet of eCascadia heavy-duty trucks and eM2 106 medium-duty trucks. read more

Commercial Vehicle Fleet Management System Market to Grow 14.45%

A report from ResearchAndMarkets predicts the commercial vehicle fleet management system market will grow at a CAGR of 14.45% from 2018 to 2022. read more

ACT Research: May’s Class 8 Orders Continue Above-Capacity Trend

ACT Research reported that North American Class 8 net orders totaled 35,608 units in May. read more

Global Farm Tractors Market to Grow 5.7% by 2026

According to a report from ResearchAndMarkets, the farm tractors market was valued $8.15 billion in 2017 and is estimated to grow at a CAGR of 5.7% through 2026. read more

WABCO Extends Agreement for AMT Control Tech with OEM

WABCO extended its long-term agreement to supply automated manual transmission control technology for a global original equipment manufacturer, which is headquartered in Europe. read more

ATA Truck Tonnage Index Rises 0.7% in May

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 0.7% in May after rising 2.7% in April. read more

Global Rough Terrain Lift Truck Market to Grow 2.14% by 2022

According to a report from ResearchAndMarkets, the Global rough terrain lift truck market will grow at a CAGR of 2.14% from 2018 to 2022. read more

Global Earthmoving Equipment Market to Grow 7% by 2026

The global market for earthmoving equipment was valued at $81.5 billion in 2017 and is expected to cross $145 billion by 2026, growing at a CAGR of 7.0% from 2018 to 2026. read more

Manufacturing Technology Orders Continue Growth Trajectory

The Association for Manufacturing Technology reported manufacturing technology orders climbed 10.5% year over year in April 2018, with orders for the year up 22.2% when compared to the same point in 2017. read more

Material Handling Equipment Market Will Cross $190B by 2024

According to a report from Global Market Insights, the material handling equipment market will surpass $190 billion by 2024. read more

Daimler Unveils Two Freightliner Electric Vehicle Models

Freightliner Trucks premiered two fully electrified commercial vehicles, a Freightliner eCascadia heavy-duty truck and a Freightliner eM2 106 medium-duty truck. read more

Navios Maritime Takes Delivery of 10,000 TEU Containership

Navios Maritime Containers took delivery of the Navios Unison, a 2010-built, 10,000 TEU containership. The vessel was acquired for a price of $50.25 million. read more

Manitowoc, Kobelco Construction Machinery End OEM Supply Agreement

Manitowoc, a global manufacturer of cranes and lifting solutions, and Kobelco Construction Machinery, a Japanese manufacturer of construction equipment, will not renew their OEM supply agreement. read more

Honda Aircraft Unveils New Upgraded HondaJet Elite

Honda Aircraft revealed the a new upgraded “HondaJet Elite” at a special hanger event ahead of the 2018 European Business Aviation Convention in Geneva, Switzerland. read more

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