Equipment Sector

Sonepar Chooses Penske Truck Leasing to Supply New Ford E-Transits

Sonepar selected Penske Truck Leasing to provide its new light-duty electric fleet. Penske Truck Leasing will deliver nine Ford E-Transit all-electric cargo vans to support the initiative. read more

ACT Research and DAT Team Up to Enhance Offerings

DAT Freight & Analytics, operator of DAT One network for spot truckload freight and the DAT iQ analytics service, and ACT Research entered into an agreement that will enhance the service offerings of both organizations. read more

ACT Research: US Trailer Orders Rise in August

According to the recent issue of ACT Research’s State of the Industry: U.S. Trailers report, August net U.S. trailer orders of 17,777 units were 4.6% higher compared to the previous month and more than 37.7% above the year-ago August level. read more

Ritchie Bros. Sells More Than $71MM of Equipment at Auction

At a recent auction in Fort Worth, TX, Ritchie Bros. sold close to 5,000 equipment items and trucks over three days for more than $71 million in gross transaction value, up 25% from the same auction last year. read more

ACT Research: Class 8 Tractor Dashboard Improves in July

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard improved in July to a neutral -2 reading, closing out four straight months of downbeat readings.  read more

Ritche Bros. Releases September Market Trends Report

Ritchie Bros.’ September Market Trends Report detailed sales of oil & gas support equipment over the past 20 months, including detailed charts breaking down volume, median asset age and pricing for boom, vacuum and bed trucks. read more

ACT Research: For-Hire Trucking Index Capacity Rising

According to ACT Research’s For-Hire Trucking Index, August volume was flat and productivity was down, with the supply-demand balance and capacity rising marginally. read more

ELFF Releases September MCI-EFI, Confidence Decreases from August

The Equipment Leasing & Finance Foundation released the September 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 48.7, a decrease from the August index of 50. read more

ACT Research: Inflation on the Rise as Potential Recession Continues to Loom

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, persistent inflation, continued interest rate hikes and the potential for recession remain overarching themes. read more

Ritchie Bros. to Conduct Multi-Day Auction Event in Atlantic Canada

Ritchie Bros. will conduct a multi-day timed auction event with close to 3,400 equipment and trucks selling from three locations across Atlantic Canada. read more

IVECO and Nikola Launch Joint Electric Vehicle Efforts at IAA Transportation 2022

IVECO and Nikola launched the Nikola Tre Battery Electric Vehicle (BEV) for the European market and unveiled the Nikola Tre Fuel Cell Electric Vehicle (FCEV) beta version at IAA Transportation 2022, the trade show for transport and logistics, held in Hannover, Germany. read more

IDC Reports Artificial Intelligence Spending Grew 20.7% Worldwide in 2021

According to the most recent International Data Corporation, worldwide revenues for the artificial intelligence market totaled $383.3 billion in 2021, an increase of 20.7% over the prior year. read more

ACT Research: August Class 8 Sales Increase 43% M/M, Decrease 15% Y/Y

According to preliminary data from ACT Research, Class 8 retail volumes (same dealer sales) increased 43% month over month in August but were 15% lower compared to August of 2021. read more

ACT Research: Despite Likely Recession, Factors Continue to Dull a Sharper Downturn

According to ACT Research, forecasts this month remain unchanged from last month. Demand remains healthy, production remains constrained by supply chain disruptions and tight labor markets, and freight rates and volumes managed to squeeze out small improvements. read more

ACT Research: NA Class 8 Net Orders Surpass 21K Units in August

According to preliminary data from ACT Research, North American Class 8 net orders in August were 21,600 units, while North American Classes 5-7 net orders were 18,400 units. read more

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