Volvo Trucks North America talks electrification, the truck market, and redesigned trucks
It’s certainly been an odd time to be in the trucking industry (or any industry, really), but nonetheless Volvo Trucks North America has made plenty of headlines this summer. Among them: redesigns of its VHD vocational model and its VAH auto hauling truck; offering of its uptime services package free to customers; and, in April,
Heavy-, medium-duty truck orders rebound in June
According to the numbers from both ACT Research and FTR, medium- and heavy-duty truck orders saw a rebound in June. ACT Research reports that preliminary North American Class 8 net orders in June were 16,000 units, rising 139% from May, and up 23% from a year-ago comparison. FTR reported preliminary numbers at 15,500 units. The
May used truck metrics show volumes, age down M/M, price, miles up
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 same dealer sales volumes dropped 12% month-over-month in May, with longer-term sales down 20% year-over-year compared to May 2019. Sales through year to date May are up an incremental 2%. The report
ACT Research: CV industry looking toward recovery
In the release of its Commercial Vehicle Dealer Digest, ACT Research says it found more to like about the state of the economy today than was visible a month ago, now that U.S. re-opening is underway. “The re-openings that have been occurring since late April represent the first steps in the march toward economy recovery, and
U.S. trailer net orders improve month-over-month, decline year-over-year in May
May net U.S. trailer orders of 3,107 units were a significant improvement from April, but net orders remain below May 2019’s level, down 71%, ACT Research reports. Before accounting for cancellations, new orders of 7.4k units were up 29% versus April, according to ACT. “Although up from April’s record low, May’s net orders will still
ACT Research’s For-Hire Trucking Index rebounds from April
The latest release of ACT’s For-Hire Trucking Index, with May data, showed significant improvement in all five diffusion index measures tracked, the company says. May’s Volume Index rose from 19.3 in April to 50.2, with capacity also at the neutral 50 mark, and pricing and productivity both in the mid-40 range. “After the worst reading
Samsara investigates the impact of reopening states on commercial transportation
In a race to stop the spread of COVID-19, millions of Americans across the country were ordered to stay home, except for essential activities. While all states have reopened in some capacity, the date they went into lockdown and the time they spent under that lockdown varies dramatically. To see how these varying restrictions impacted
FTR: May trailer orders improve over April but still down from last year
According to FTR, final net trailer orders for May were improved over April activity, coming in at 4,300 units. May orders were +1200% month-over-month but still substantially lagging last year with a -64% year-over-year comparison. New orders are still tepid, and cancellations were elevated for the third consecutive month. Trailer orders for the past twelve
Decisiv data shows resiliency in commercial vehicle service during COVID-19
Data shared by Decisiv, Inc. shows steady maintenance and repair activity among the trucking industry’s fleets and service providers. Over the past eight weeks, an average of 63,300 service events have been managed on the SRM platform weekly. Service activity on weekdays has continued to exceed 12,000 events daily. “While service providers and fleets continue
May Class 8 preliminary orders reflect market uncertainty
Both ACT Research and FTR reported preliminary commercial vehicle order numbers. ACT had preliminary North American Class 8 net orders in May at 6,700 units, up 56% from April, but down 38% from a very easy year-ago comparison. FTR had a similar count with preliminary Class 8 net orders for May at 6,600 units. “Reflecting
Infographic: Major differences in miles between breakdowns between best-in-class fleets and the industry average
Fleet Equipment built the infographic below showing how many miles between breakdowns fleets ran in Q3. Click on the infographic to expand. Statistics are based on TMC/FleetNet’s Vertical Benchmarking Program Q3 2019 Report: benchmarkit.fleetnetamerica.com/.
ACT Research: April CV data showing full COVID-19 impact, data lowest in decades
According to ACT Research’s latest numbers, COVID-19 was in evidence across the commercial vehicle statistics in April, with Class 8 net orders at their lowest level since September 1995 and medium-duty orders at their worst in a decade. “In addition to the drop in Class 8 net orders, Class 8 production was at its lowest