Economic downturn could be less severe according to latest data
Data from ACT Research reports the potential for limited interest rate increases.
Leasing and Finance Index new business volume for November up y/y
Volume was down 24% from $11.3 billion in October. Year-to-date, cumulative new business volume was up 6% compared to 2021.
December Class 8 intake caps off a robust final four months
At 30,300 units, December Class 8 orders show a positive progression moving into the new year.
Used Class 8 retail sales dropped 19% in November
Longer term, average price and miles were higher y/y, with age up 7% y/y.
FTR reports: Shipper’s conditions stabilize
Aside from a large increase in diesel prices during the month, shippers’ market conditions were more positive m/m.
Amid loose market balance, carriers start tapping the brakes on capacity
Volumes softened to the lowest levels seen since March and April of 2020.
Trucking market 2023 prediction: Plan for uncertainty
The latest from FTR’s State of Freight online press conference.
November used truck average retail price negative Y/Y
The average retail used truck price has descended into negative y/y territory for the first time since August 2020.
Equipment Finance Industry confidence improves in December
Cautious optimism is the theme as we move into 2023.
October trucking conditions reflect toughest environment since April 2020
The October TCI was the weakest since the all-time low reading of -28.66 in April 2020.
Chinese CV market demand maintained a sharp decline in Q3’22
Freight hauling and specialty trucks saw their market shares decrease.
November Class 8 truck orders slightly restrained, but still resilient
Class 8 truck builds exceed plans.
