Trucking industry revenues were $676.2 billion in 2016
Trucking industry revenues in 2016 were $676.2 billion, according to findings of the American Trucking Associations in ATA American Trucking Trends 2017, the annual compendium of data about the trucking industry. “The information in Trends highlights exactly what I tell elected officials, regulators and key decision-makers every day: trucking is literally the driving force behind our
PacLease reports 20 percent growth in truck rentals
PacLease has seen a 20% jump in Class 8 truck rentals across the U.S., reports Chachi Hernandez, PacLease’s national director of rental operations. According to Hernandez, the biggest increase came on the West Coast, which has seen a 25% jump. Hernandez added that medium-duty rentals have been strong as well. “Prior to the spike, there were
Trailer orders improve in August
According to the numbers from both ACT Research Co. and FTR, net trailer orders in August rose compared to both last month and August of 2016. FTR had the number at 9% improvement month-over-month and 4% year-over-year, while ACT had 8% improvement over July and even with last year. Overall consensus was that it was
ACT Research: Interest in electric trucks is accelerating
Following a quarter heavily focused on automated manual transmissions, the attention in Q3 2017 has been directed to electric power, as noted in the N.A. On-highway CV Engine Outlook, by ACT Research Co. and Rhein Associates. The N.A. On-highway CV Engine Outlook is designed to present historical trends, current activity and forecasts of engine demand
Preliminary numbers show strong September increase in truck orders
Preliminary numbers are in for September’s truck orders, and the consensus is that truck orders rose significantly in the month, with both heavy- and medium-duty truck orders seeing jumps. ACT Research Co. found Class 8 North American preliminary net orders at 22,600 units, up 63% over last year, the fourth consecutive month of improvement; medium-duty
Used truck sales climb in August
Class 8 same-dealer used truck sales volumes gained some ground in August, following two consecutive months of declines, according to ACT Research Co. “Channel analysis indicates that August was the second best sales month this year,” said Steve Tam, vice president at ACT Research. “The retail and wholesale market segments fared well, posting gains of
Class 8 truck orders strong in August
According to preliminary data from ACT Research Co. and FTR, North American Classes 5-8 orders declined slightly in August, dropping 1,400 units from last month, while rising 28% year-over-year. Class 8 orders had a strong month of August, while medium-duty orders fell slightly. According to FTR’s numbers, preliminary Class 8 net orders for August came in at
Catching up with equipment buying trends
A few weeks back, a Fleet Equipment Advisory Board member asked me if I had any recent information on fleet buying trends. While I didn’t have those figures, I knew who to ask: Chris Kemmer, owner of CK Marketing and Communications. The tool she used in doing this research for us is the Fleet Sentiment
Used Class 8 truck same dealer sales declined in July, up over last year
Class 8 same dealer used truck sales volumes continued to decline in July, falling 5% month-over-month, according to the latest numbers from ACT Research. “Channel analysis indicates that the retail and wholesale declines were the primary drivers behind the overall market slump,” said Steve Tam, vice president at ACT Research. “Despite the sequential drop, longer
Trailer orders down month-over-month, up year-over-year
According to FTR, July net trailer orders came in at 13,400 units, falling from June with a month-over-month drop of 29%, but still up 40% from last July. The July activity met expectations with all segments except flatbeds taking a hit. Trailers orders have now totaled 264,000 units over the past twelve months. Production fell
The sluggish economy and you
Shippers and logistics providers are currently attempting to make sense of conflicting signals related to sluggish economic growth. The International Monetary Fund predicted 3.5% worldwide growth in 2017. However, in the first quarter of this year the U.S. GDP rose only 1.2%. While this is ahead of last year’s 0.8% growth, it is only the
Preliminary July Class 8 truck order data shows substantial year-over-year improvement
Preliminary data shows slight month-over-month improvements in orders of Class 8 trucks for July, and substantial improvements over last year. According to preliminary data from FTR, Class 8 net orders for July at 18,300 units, a month-over-month improvement of 5% and 79% better than a year ago. “This is a great sign to see orders
