Equipment Leasing and Finance Association releases Monthly Leasing and Finance Index
The association notes that volume was down 9 percent from $10.9 billion in June.
ACT Research to launch new expanded forecast report in 2024
The expanded forecast, NA CV Outlook Plus, will feature an annual decarbonization market update, longer-term production forecast and more.
Parts Leading Indicator continues to trend downward, signaling slow aftermarket parts sales
PLI has declined for eight consecutive months.
Fuel costs chip away at favorable shippers market reflected in FTR’s June Shippers Conditions Index
“If fuel prices continue to increase, it will push less positive readings in the SCI in the months ahead.”
FTR’s Trucking Conditions Index for June reflects weaker conditions for carriers
June’s TCI reading was the most negative since November.
ATA Truck Tonnage Index decreased slightly in July
The not seasonally adjusted index equaled 111.5 in July, 5.5% below the June level (118).
Current trailer backlog commits industry into 2024
“Fleet commitments improved in July but were still somewhat mixed. Total cancels dropped to 1.7% of backlog, following two months of elevated activity.”
ACT Research findings indicate slow industry rebalancing
Private fleets are still growing and pulling freight from the for-hire market.
ACT Research recommends fleets plan 18 to 24 months ahead for behind-the-fence EV charging infrastructure
“Early adopters of battery-electric commercial vehicles experienced rather lengthy timelines to install EV charging infrastructure.”
Used truck market declined in July
Compared to June 2023, average retail price declined 4%, while miles and age both declined 2%.
Workhorse Group reports second quarter results
Workhorse Group reports Q2 2023 results: Orders for heavy-duty vehicles, EV demos, dealer expansion, financial insights.
Trucking industry forecasts move higher following rising economic expectations
Vieth’s explained that while a better economic forecast is beneficial, it won’t completely solve the challenges within the industry’s capacity issues.