The biggest headlines from this year's biggest heavy-duty trucking event

TMC 2020: All the news from the show (Updated)

Fleet Equipment is live covering the 2020 TMC Annual Meeting and Exhibition, the industry’s annual gathering where rules and regulations are set, issues are discussed, and news is made. You can find all that news below, and this post will be updated throughout the week as more news breaks. You can also find the rest of FE‘s TMC 2020 coverage here.

On to the news!

Update 1!

  • FleetNet America discussed the results of its 2019 Q3 quarterly truck maintenance cost benchmarking program, announcing that the average cost of a mechanical roadside repair exceeded $400 for the first time since the study began in 2017.
  • Are aerodynamic devices worth it? The American Trucking Associations Technology & Maintenance Council, in conjunction with FPInnovations’ PIT Group, released a pair of reports detailing the effectiveness of the council’s aerodynamic fuel savings calculator and investigating electromechanical brakes for tractor trailers.
  • Navistar International Corporation has introduced new service and connectivity initiatives in its International 360 platform. Navistar also expanded its parts availability, including introducing a new line of filters through the company’s all-makes aftermarket truck and bus parts brand, Fleetrite parts.

Update 2!

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FTR: Class 8 orders down more than 30% month-over-month

Despite the substantial drop from February, FTR says the market is performing well, as March orders are on track with 2023.

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FTR reported that Class 8 preliminary net orders for March came in at 18,200 units, down 34% from February and 4% below March 2023. Orders for the past 12 months have totaled 264,800 units. With March orders comparable to the March 2023 level, FTR says the market is still performing at a solid level.

FTR says March orders, like February’s activity, are consistent with the recent demand trend and are in line with seasonal expectations. After maintaining an average level of around 27,000 units for the last three months, FTR adds that orders appear to be slowing at a seasonally typical rate, while build slots continue to be filled at a healthy rate. “Despite weakness in the freight markets that has persisted for more than a year, fleets continue to be willing to order new equipment," says Eric Starks, FTR chairman of the board. "Order levels in March were below the historical average but remained in line with seasonal trends. Demand is not declining rapidly, but neither is the market doing significantly better than replacement level demand. Our expectation for replacement output by the end of this year is unchanged.”

A ‘Toward Zero’ emissions Q&A with Volvo Trucks’s Roger Alm

Talking through the challenges, the technological advances, and the strategies for a sustainable future.

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ACT Research trailer report finds carriers with ‘reduced willingness to invest in equipment’

ACT Research says limited capex and companies saving money to meet EPA regulations are currently weighing on trailer demand.

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Peterbilt offers Cummins X15N natural gas engine in Models 579, 567, 520

Orders are scheduled for production in Q3 of this year.

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Range Energy receives $23.5M in new financing for electric trailers

This recent funding follows the company’s $8M seed round from November 2022, bringing total funding to $31.5M.

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MEMA responds to finalized EPA Phase 3 standards

MEMA and its members welcome the EPA’s final rule for Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles.

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