Fuel costs chip away at favorable shippers market reflected in FTR’s June Shippers Conditions Index
“If fuel prices continue to increase, it will push less positive readings in the SCI in the months ahead.”
Used truck market declined in July
Compared to June 2023, average retail price declined 4%, while miles and age both declined 2%.
U.S. freight market bouncing along the cycle bottom
Driver capacity models suggest the record declines in freight rates should be pushing out more jobs.
June used truck market sees historically expected sales gains
Compared to June of 2022, volumes and miles increased 24% and 1%, respectively, but price and age declined 27% and 9%.
Work Truck Solutions releases Q2 2023 Commercial Vehicle Data Report
Continuing demand combined with increasing inventory suggests we can expect sales to grow throughout the balance of 2023.
Freight market rebalances as cycle nears turning point
Destocking likely peaked recently, with March container imports down 30% y/y, versus April’s decrease of 20% y/y and signs of further improvement in May.
Growth rate of parts aftermarket sales continues to gradually decelerate
CMVC’s Parts Aftermarket Sales Leading Indicator signals slowing growth in commercial vehicle parts sales.
MEMA Aftermarket Suppliers create Heavy Duty eCommerce Committee
The purpose of the HDeC is to advance the heavy-duty aftermarket by advocating, educating, and sharing ideas.
Managing trailer telematics data overload
Fleets have a want and demand for not necessarily more data, but more actionable information.
Market trucking conditions decline in February due to rate, volume weakness
Industrial and consumer sectors are sluggish, but spending on goods is still elevated.