Time to embrace some EV realities
There’s a moment when you’ve been working toward something where that “something” becomes very real and all the excitement you used to feel about it takes a back seat to the challenges that lie ahead. Moving forward means taking a deep breath, swallowing hard and remembering why you started down this path in the first
Mild recession now base case in forecasting of NA CV markets
According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, ACT lowered their GDP forecast, but continues to believe there is enough pent-up demand, and built-up purchasing power among consumers, albeit mitigated by inflation, to support growth in 2022. ACT’s analysts also believe tighter monetary policy will lead to GDP contraction in the first half
Ten questions before adding battery electric trucks to your fleet
So, you’ve done the research to determine the right battery electric trucks for your fleet, but equally as important is knowing your charging needs. That’s right, we’re talking about charging today, not about battery electric trucks at all! Because incorporating electric trucks into your fleet would be like taking delivery of 15,000 gallons of water
Seasonally adjusted June Class 8 truck orders in line with YTD average
Preliminary NA Class 8 net orders in June were 15,500 units, while NA Classes 5-7 net orders were 17,800 units. Complete industry data for June, including final order numbers, will be published by ACT Research in mid-July. “Seasonal adjustment lifts the Class 8 June total to 18,300, representing the strongest seasonally adjusted total since March
Used Class 8 retail sales volumes, average age higher in May, while price, miles slightly lower
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 (same dealer sales) were 8% higher month-over-month. Longer term, volumes were down 38% y/y. Average price and miles were each down 2% compared to April, but average price rose 64%
Cummins announces Jennifer Rumsey to serve as CEO
Cummins announced that, effective August 1, 2022, Tom Linebarger will end his term as Chief Executive Officer (CEO) and Jennifer Rumsey, President and Chief Operating Officer (COO), will assume the role of President and CEO. Rumsey will be the seventh CEO and first woman to lead the company since it was founded in 1919. Linebarger
ZF appoints Dr. Holger Klein Chairman, CEO of ZF Friedrichshafen AG
Dr. Holger Klein, Member of the Board of Management responsible for the Asia-Pacific region, Car Chassis Technology Division, Aftermarket and Production, succeeds Wolf-Henning Scheider as Chairman and CEO of ZF Friedrichshafen AG at the turn of the year 2022/2023. At the same time, Dr. Peter Laier will join the Board of Management to lead the
U.S. used truck sales cycle at the ‘beginning of the end’
Preliminary used Class 8 retail volumes (same dealer sales) fell 10% month-over-month, and were 40% lower compared to May 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. “Unfortunately, long-awaited reports of loosening inventories come at exactly the wrong time in
Freight market pendulum gains momentum
ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report, which noted that growing evidence of weaker goods consumption, rising services substitution and rebuilt inventories, with some categories now overstocked, was the most impactful news in freight this month. “Recent reports from key retailers, including price cuts and order cancellations
Dry van orders responsible for U.S. trailer net orders decline in April
April net U.S. trailer orders of 19,614 units decreased more than 48% from the previous month, but were 23% higher compared to April of 2021, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. “Order placement remained choppy in April, and dry vans, with a 64% month-over-month slide in
