Equipment Finance Industry confidence eases further in November
The Equipment Leasing and Finance Foundation recently released the November 2022 Monthly Confidence Index for the Equipment Finance Industry. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector. Overall, confidence in the equipment finance market is 43.7, a
Back to Basics: Truck fuel economy, maintenance strategies to combat supply chain issues, rising fuel cost
Today’s fuel prices have re-introduced a bevy of asset management challenges for fleets that significantly impact the bottom line of every fleet organization. This is especially a concern since fuel is the largest component of total cost of ownership (TCO) for any fleet. While it is challenging to procure new trucks, it’s equally important to
USDOT hosts first meeting of Women of Trucking Advisory Board
The U.S. Department of Transportation (USDOT) and the Federal Motor Carrier Safety Administration (FMCSA) hosted the inaugural meeting of the Women of Trucking Advisory Board (WOTAB), where members discussed the results of a new FMCSA report on driver safety. The new Advisory Board, created by the Bipartisan Infrastructure Law, is composed of 16 founding members
October trailer orders jump as 2023 orderboards open more fully
Preliminary reports show net trailer orders in October were 46,750 units, up 82% from September, and 168% higher than the same month last year. Final October results will be available later this month. This preliminary market estimate should be within +/-5% of the final order tally, according to ACT Research. “With more 2023 orderboards opening,
The Biden Administration signs ambitious global agreement to accelerate zero-emission transport
The Biden Administration announced a landmark endorsement of zero-emission transport at COP27. The United States signed the Global Memorandum of Understanding (Global MOU) on Zero-Emission Medium-and Heavy-Duty Vehicles, an international agreement supporting a path to 100% new zero-emission medium- and heavy-duty vehicle (MHDV) sales by 2040 with a targeted floor of 30% new zero-emission MHDV sales by 2030. Co-led by CALSTART’s Drive
UPS takes its next step toward carbon-neutrality with the Freightliner eCascadia trucks
Owning one of the world’s largest private fleets of alternative fuel and advanced technology vehicles, UPS has over a thousand electric vehicles and continues to build on that number receiving the first of 10 all-electric eCascadia Class 8 semi-trucks. The Freightliner eCascadia is among the first commercially available fully electric semi-truck in the U.S., and
North American Trailer Dealers Association announces NADTA 2023 schedule, extended expo hours
The North American Trailer Dealers Association (NATDA), an organization dedicated to serving the light- and medium-duty trailer industry, has announced dates and a new schedule for the 2023 NADTA Trailer Show. The event returns to Music City Center in Nashville, from August 29-31. The event begins the afternoon of Tuesday, August 29th, with Dealership Performance
October US used truck average retail sales price defied expectations
Preliminary used Class 8 retail volumes (same dealer sales) decreased 10% month-over-month, and were 30% lower compared to October of 2021, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Other data released in ACT’s preliminary report included month-over-month comparisons for October 2022, which showed
Mack Trucks names a new president of North America
Mack Trucks announced that effective as of Dec. 1, 2022, Jonathan Randall has been named president of Mack Trucks North America, reporting to Martin Weissburg, global president of Mack Trucks and chairman of Volvo Group North America. Randall joined Mack in 2016 as senior vice president, North American sales, and served most recently as senior
Stater Bros. Markets receives its first Autocar all-electric terminal tractor
Autocar, manufacturer of specialized severe-duty vocational trucks, announced the delivery of its battery-electric terminal tractor, the E-ACTT, to supermarket chain Stater Bros. Markets. The California-based grocer has implemented its first all-electric terminal tractor into its distribution fleet to meet corporate environmental goals. Autocar delivered the E-ACTT to the Stater Bros. distribution center in San Bernardino, Calif., and
Five truck trend takeaways from November
With the hauliday season fast approaching, the industry is seeing an increase in orders and deliveries (per the usual)! The pressure is on to deliver in the busiest month of the year. Keeping your fleet on the move is imperative to staying on schedule and on a roll, so when it comes to maintenance, updates
Inland Kenworth’s Don Blake receives Truckers Against Trafficking Champion Award
Don Blake, Inland Kenworth–Phoenix new truck sales manager recently received the Truckers Against Trafficking (TAT) Champion Award at the ATA Management Conference and Exhibition held in San Diego. The TAT Champion Award annually recognizes and honors individuals who have found innovative ways to support TAT’s mission to fight human trafficking. “Truckers Against Trafficking is a
