According to ACT Research, the Class 8 backlog should be on a downward trajectory until 2024 order boards open. April was no exception, with backlog down 15.1 thousand units month-to-month to 203.1 thousand. read more

MAY 19, 2023 - 6:53 am

According to the latest release of the ACT Research’s Freight Forecast, U.S. Rate and Volume Outlook report, the freight cycle remains clearly weak but there are rays of light at the end of the tunnel. read more

MAY 17, 2023 - 7:02 am

Mullen Automotive, an electric vehicle manufacturer, signed a vehicle purchase agreement with MGT Lease Company, a fleet leasing provider, which will purchase 250 all-electric commercial Class 3 cab chassis EV trucks from Mullen. read more

MAY 12, 2023 - 7:08 am

Demand for Class 8 trucks has remained relatively resilient recently, but ACT Research expects a clear softening in big fleet profitability and other ancillary metrics during the rest of 2023. read more

MAY 12, 2023 - 7:02 am

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

MAY 2, 2023 - 7:08 am

Ritchie Bros. conducted its largest Canadian auction of the year recently in Edmonton, AB, selling more than 12,000 equipment items and vehicles over five days, generating more than CA$225 million (more than $164 million) in gross transaction value.  read more

MAY 2, 2023 - 6:58 am

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes improved but remained weak in March and rates declined further. The Pricing Index fell 5.4 points to 36.5 in March, marking the second lowest reading in the index’s history, with only April of 2020 being lower. read more

APR 28, 2023 - 6:54 am

According to the U.S. Cutting Tool Institute and the Association for Manufacturing Technology, cutting tool consumption totaled $196.9 million in February, which was up 0.2% from January and 17.5% on a year-over-year basis.   read more

APR 25, 2023 - 7:11 am

The American Trucking Associations’ advanced seasonally adjusted for-hire truck tonnage index fell 5.4% in March to 111.6 after increasing 0.9% in February to 118. Compared with March 2022, the index decreased 5%, marking the first year-over-year decrease since August 2021. read more

APR 25, 2023 - 7:10 am

According to ACT Research, March’s preliminary net trailer orders decreased sequentially and were lower against longer-term comparisons, with 16,800 units projected to have been booked during the month. Final March results will be available later in April. read more

APR 21, 2023 - 6:47 am

North American Class 8 net orders in March were 19,200 units, down 10% year over year, while North American Classes 5-7 net orders were 18,600 units, according to preliminary data from ACT Research. read more

APR 6, 2023 - 6:53 am

Ryder System plans to introduce 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet through 2025, with the first 200 to be ordered this year. read more

APR 4, 2023 - 7:06 am

According to ACT Research, the backlog-to-build ratio contracted to 8.5 months in February after closing January at 9.9 months, reflecting a higher build rate. For context, the average since Q3/21 has been in the eight-month neighborhood. read more

MAR 29, 2023 - 6:58 am

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes and rates declined in February but rate trends should begin to recover once traction on freight volumes is established. read more

MAR 28, 2023 - 7:28 am

According to ACT Research, Chinese commercial vehicle demand presented a mixed bag of results into the end of 2022, with demand for heavy trucks, medium trucks and tractors started the process of reversing its downward trajectory as the Chinese economy reopened. read more

MAR 27, 2023 - 7:17 am