Equipment Sector

ACT: Trucking Prices Stay Strong as Volumes Slow, Supply-Demand Balance Declines

The latest release of ACT Research’s For-Hire Trucking Index, which includes May data, showed a slowing in volumes, strength in pricing and a sharp decline in the supply-demand balance. read more

ACT Research: Net U.S. Trailer Orders Decline M/M, Increase Y/Y in May

May net U.S. trailer orders of 8,676 units fell nearly 40% from April but were more than 165% higher compared with May 2020, according to ACT Research. Before accounting for cancellations, new orders of 11,700 units were down 38% versus April. read more

Hexagon Purus and VVG Partner to Supply Zero-Emission Commercial Vehicles

Hexagon Purus entered a partnership with Velocity Vehicle Group to deliver battery packs and powertrain integration for medium-duty battery electric trucks in California based on Freightliner’s Class 6 M2 platform. read more

Global Ship Lease Acquires 4 Ultra-High Reefer Containerships on Multi-Year Charters

Global Ship Lease agreed to purchase four 5,470 TEU Panamax containerships with an average age of approximately 11 years for an aggregate purchase price of $148 million. read more

ACT Research: Strong Economic Activity and Capacity Constraints Impacting CV Markets

According to ACT Research, data through the first two weeks of June suggest that North America is at or very near the top of the freight rate expansion, which has been setting new highs on an almost monthly basis since last August. read more

ACT: Preliminary Data Shows YTD Used Class 8 Sales and Prices on the Rise

Preliminary used Class 8 volumes (same dealer sales) dropped 14% month over month but rose 46% year over year in May, according to ACT Research. Through the first five months of the year, activity was 32% higher compared with the same period a year ago.  read more

ACT Freight Forecast: Capex Boom Benefits Freight Demand

In conjunction with the release of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report from ACT Research, Tim Denoyer, vice president and senior analyst at ACT Research, said “the coming capex boom will certainly benefit freight demand.” read more

ACT Research: Preliminary Net Trailer Orders in May Fall 39% M/M

According to preliminary reports from ACT Research, trailer original equipment manufacturers posted 8,800 net orders in May, which was off 39% versus April but almost 170% better than the COVID-19-impacted level last May. read more

Fleet Advantage Projects More Than $31K in Savings for Fleets Upgrading to 2022 Models

Fleet Advantage will be providing fleet analysis at the National Private Truck Council’s Annual Conference and Exhibition. According to the company, fleet operators can realize a first-year per-truck savings of $31,692 when upgrading from a 2016 sleeper truck to a 2022 model. read more

ACT Research: Class 8 Tractor Dashboard Flashes All Positive Indicators in April

According to ACT Research, the question of commercial vehicle demand for 2021 has already been answered, and for the first time ever, this perspective is illuminated by all positive indicators on ACT Research’s Class 8 Tractor Dashboard. read more

EquipmentWatch Reveals Highest Retained Value, LCO Award Winners

EquipmentWatch, a provider of data, software and insight for the heavy equipment industry, revealed the winners of its 2021 Highest Retained Value (HRVA) and Lowest Cost of Ownership (LCO) award programs. read more

Global Ship Lease Acquires 12 Containerships from Borealis Finance for $233.9MM

Global Ship Lease agreed to purchase 12 containerships from Borealis Finance for an aggregate purchase price of $233.9 million. read more

ACT Research: Transition to New Powertrains/Fuels Means Planning for CV Fleets

According to ACT Research and Rhein Associates, discussion continues about how internal combustion engines will meet future emissions standards for the latter part of this decade, even as legislation accelerates the push to electrification. read more

ACT Research: Production Potential is 2021’s Commercial Vehicle Challenge

In the recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that the question of commercial vehicle demand for 2021 has been answered, but questions remain about the industry’s ability to meet that level of demand. read more

ACT: ‘Life in the Trenches is a Jungle Right Now’ in Commercial Vehicle Industry

According to ACT Research’s Transportation Digest, the aggregate prosperity seen currently in the commercial vehicle industry and the U.S. economy as a whole is a welcome contrast to the situation that existed a year ago. However, there is a downside, according to the report. read more

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