Heavy Duty Trucks News
Equipment Leasing and Finance Association’s Survey of Economic Activity: new business volume up y/y; down m/m

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for August was $8.8 billion, up 4 percent year-over-year from new business volume in August 2021. Volume was down 13 percent

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Expressway Trucks becomes first Volvo Trucks Certified EV Dealer in Ontario, Canada

Volvo Trucks North America has recently designated Expressway Trucks as a Volvo Trucks Certified Electric Vehicle (EV) Dealer, signifying that it is ready to support customers interested in adding Volvo VNR Electrics to their local and regional distribution, pickup and delivery, and food and beverage distribution routes. The dealership’s Waterloo location is the first to

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ACT Research’s Class 8 Tractor Dashboard rises after four negative months

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 consecutive months of moderately downbeat readings.  The report, which combines proprietary ACT data and analysis from a wide variety of sources, paints a comprehensive picture of trends impacting transportation

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CALSTART call for transition to 100% new zero-emission truck sales

Noting the climate, air quality, environmental justice, clean energy and energy cost benefits, CALSTART, its Global Commercial Vehicle Drive to Zero program and campaign (Drive to Zero), and 16 leading nations are encouraging nations worldwide to adopt a 100% zero-emission truck sales target by the year 2040. The call to action—presented in the form of a public

FTR’s Trucking Conditions Index remained in negative territory for third consecutive month

FTR’s Trucking Conditions Index (TCI) improved in July to a reading of -0.7 from the previous -3.36 principally because of falling diesel prices. Although the index was just below the index’s base of zero, it was the third consecutive month of negative readings–a situation that had not occurred since March-May 2020.  FTR expects that trucking market

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The good news and bad news about the state of the trucking industry

ACT Research recently hosted their industry update concerning the state of economics, transportation and commercial vehicles. The abundance of forecasts, statistics and charts can feel like information overload, so let us give you the run-down.  Presented by Kenny Veith, president and senior analyst; Eric Crawford, vice president and senior analyst; Steve Tam, vice president and

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ACT Research: For-Hire Trucking Index a mixed bag

The latest release of ACT’s For-Hire Trucking Index, showed August volume flat and productivity down, with the Supply-Demand Balance and capacity rising marginally. Kenny Vieth, president and senior analyst, ACT Research, commented, “While Volume Index flatness m/m reflects the difficult freight environment, August’s number remains above the June/Q2 dip and reflects diminished but wage-supported underlying economic

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Equipment Finance Industry confidence eases in September

The Equipment Leasing and Finance Foundation recently released the September 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 48.7,

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Moving the trucking industry forward with the Best Fleets to Drive For program

It’s not common to see companies willing to publicly share specific details as to what they’re doing to be successful. Typically, that information is held close to the vest. After all, that’s why Non-Disclosure Agreements were created–to prevent ‘insider’ information from spreading and losing competitive advantage. But the trucking industry plays by a different set

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Fleetcor begins relationship with ExxonMobil

Fleetcor Technologies has signed network agreements with ExxonMobil Corporation to provide brand-wide acceptance of its Fuelman cards at over 12,000 Exxon and Mobil stations in the U.S. In addition, Exxon and Mobil stations will add acceptance of Comdata trucking cards at commercial fueling locations in 2023, further extending the utility of the Comdata products to

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Toyota, Kenworth prove fuel cell electric truck capabilities with completion of truck operations for ZANZEFF project

Toyota Motor North America and Kenworth Truck Co. announced that they have proven the capabilities of their jointly designed heavy-duty, Class 8 fuel cell electric vehicles (FCEVs) as a potential zero-emissions replacement of diesel-powered trucks with the completion of their operations in the Zero- and Near-Zero Emissions Freight Facilities (ZANZEFF) “Shore to Store” (S2S) project

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Booster expands renewable diesel product offering in California

Booster has expanded its renewable diesel product offering to three new markets in California. The move enables nearly 50 Booster-fueled fleets in Sacramento, San Jose and San Diego — totalling nearly 1,000 fleet vehicles serviced daily — to slash their greenhouse gas (GHG) emissions by up to 70%, Booster says. With the addition of these

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