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%.
ACT: Net trailer orders fall, cancellations elevated but 2024 books opening
“It is no surprise that net orders in June were the lowest they’ve been so far this year. That is simply part of the cycle.”
Fullbay survey: Heavy-duty repair shop profits and revenue rose in 2022
In 2020, 20% of shops didn’t know their net profit, but that number dropped to 10% in the 2022 study.
Truck orders rise slightly in June
Complete industry data for May, including final order numbers, will be published by ACT Research in mid-July.
Truck freight tonnage and revenues rose in 2022, according to report
In 2022, trucks moved 11.46 billion tons of freight – up from 10.93 billion tons the previous year.
Class 8 truck sales, production forecasts follow economic expectations
The previously forecasted drop-off in Q4 sales and build activity no longer looks likely.
FTR: Class 8 truck orders flat in June
Total Class 8 orders for the previous 12 months have equaled 297,800 units.
The percentage of commercial diesel trucks that are near-zero emissions grows
Near-zero emission trucks are advanced diesel technology manufactured in the 2010 and later model years.
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.
FTR Shippers Conditions Index rose in April in response to weaker rates and capacity utilization
According to the company, the outlook is positive through mid-2024.
Equipment Finance Industry confidence ticks up in June
According to the recent press release, the overall MCI-EFI is 44.1, an increase from the May index of 40.6.
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.