Equipment Sector

Maxim Commercial Capital Expands Truck Financing Program in Q3/22

Maxim Commercial Capital expanded its target market during Q3/22 by launching an enhanced risk-based scoring system for its Truck Financing Program. read more

ACT Research: Inflation and Rising Rates Dampen Forecasts

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, forecasts this month are slightly lower than September due to stubborn inflation and the Fed’s continued firm action toward bringing it down to its 2% target. read more

ACT Research: DRIVING AUTOMATION Report Released

ACT Research released DRIVING AUTOMATION, a report and total-cost-of-ownership model covering commercial autonomous vehicles in North America. read more

Volvo Financial Services Launches Volvo Rental in Brazil

Volvo Financial Services launched Volvo Rental, a new service providing options for shorter-term leases for Volvo trucks, buses and construction equipment in Brazil. read more

ACT Research: September Class 8 Orders Rise

According to ACT Research’s State of the Industry: Classes 5-8 Vehicles report set to be released in mid-October, preliminary NA Class 8 net orders in September were 53,700 units, while NA Classes 5-7 net orders were 26,600 units. read more

BNSF Railway Invests $1.5B+ to Construct New Rail Facility in Southern California

BNSF Railway will invest more than $1.5 billion to construct a state-of-the-art master-planned rail facility in Southern California with the first being developed by a Class 1 railroad. read more

ACT Research: Used Class 8 Trucks Retail Volume Rises in August

According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes were up 29% month-to-month. read more

ACT Research’s September Forecasts Remain Unchanged, Recession Still Expected

In September, ACT Research reported essentially unchanged forecasts from last month, as demand remains healthy, production remains constrained and freight rates and volumes managed to squeak out small improvements compared to August. read more

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

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