As economic uncertainty continues to loom, First Capital Business Finance Launches steps forward with a groundbreaking initiative to address the pressing need for accessible financing in the transportation industry.With the launch of a specialized...
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March 15, 2024, 07:11 AM
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Penske Automotive Group, Inc., one of the world's premier automotive and commercial truck retailers, announced it has agreed to acquire Rybrook Group Limited consisting of 15 premium dealerships in the United Kingdom, including four BMW dealerships...
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December 12, 2023, 07:10 AM
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Maxim Commercial Capital announced robust demand across its diverse financing programs for the third quarter of 2023. The hard asset secured lender reported a 100 percent year-over-year increase in truck financings for the period. Furthermore, it...
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October 18, 2023, 07:15 AM
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Preliminary NA Class 8 net orders in February were 23,600 units, up 13 percent year over year (+27 percent month over month), while NA Classes 5-7 net orders were 17,500 units. Complete industry data for February, including final order numbers, will...
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March 03, 2023, 07:03 AM
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Utica Equipment Finance announce the completion of a transaction totaling $10 million in the month of December. The $10 million capital lease secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in...
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January 06, 2023, 07:10 AM
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Maxim Commercial Capital expanded its target market with positive results during the third quarter. The direct lender launched an enhanced risk-based scoring system for its Truck Financing Program, resulting in lower down payments for owner operators...
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October 14, 2022, 07:20 AM
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Heavy-duty truck values continued to trend downward in June, and latest Sandhills Global market reports focus on the underlying forces influencing the used sleeper truck market. Inventory levels for sleeper trucks have increased month-over-month...
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July 15, 2022, 07:00 AM
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Nikola Corporation and ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced a signed agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel-cell electric...
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March 30, 2022, 07:24 AM
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Penske Automotive Group, Inc., a diversified international transportation services company, announced that it has acquired TEAM Truck Centres, a retailer of medium and heavy-duty Freightliner and Western Star commercial trucks, located in Ontario...
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March 01, 2022, 07:08 AM
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COOP by Ryder, a truck and trailer sharing platform, announced the launch of its platform nationwide, reaching businesses in all 50 states. This expansion follows the success of the initial rollout in nine key states, underscoring the continued...
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February 23, 2022, 07:18 AM
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A new Sandhills Global Market Report notes the stabilization of used construction equipment, farm machinery and heavy-duty truck inventories within Sandhills Global marketplaces in June, following steady declines since Q2 2020. After more than a year...
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July 28, 2021, 07:15 AM
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Maxim Commercial Capital continued to fuel the economic recovery during the second quarter by fulfilling strong demand for its Cash Out Financing, Heavy Equipment Purchase Financing, Real Estate Secured Working Capital and Truck Financing programs....
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July 22, 2021, 07:19 AM
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AYRO, Inc., a designer and manufacturer of light-duty, short-haul and last-mile delivery electric vehicles (EVs), announced an agreement with Element Fleet Management. By combining AYRO’s marketing, engineering and production expertise with Element’s...
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March 19, 2021, 07:20 AM
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Fourshore Partners announced its acquisition of a majority stake in Genesis Capital Finance, a specialty finance company that provides commercial loans to independent owner operators in the long-haul trucking industry. Established in 2011, Genesis...
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March 15, 2021, 07:19 AM
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Preliminary used Class 8 volumes (same dealer sales) rose 11 percent month-over-month in December, and are 25 percent higher year-to-date compared to 2019, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8...
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January 19, 2021, 07:05 AM
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Preliminary NA Class 8 net orders in December were 50,900 units, down 2 percent from November, but a 153 percent improvement from year-ago December. NA Classes 5-7 demand, with orders at 35,100 units, rose 28 percent sequentially and 73 percent...
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January 07, 2021, 07:10 AM
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AuctionTime.com sold more than $105 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks and trailers during the month of December. In the final auction of the month—the largest sale of the year—AuctionTime.com...
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January 02, 2020, 07:15 AM
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Maxim Commercial Capital announced it provided hard-asset secured financing to 160 small and mid-sized businesses (SMBs) during the first quarter of 2019. Maxim lends $10,000 to $3 million to SMBs secured by heavy equipment and real estate, and is a...
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April 10, 2019, 07:25 AM
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Price Digests, the leading B2B provider of vehicle data for over 100 years, announced finalists for the first Price Digests Highest Retained Value Awards, a new annual industry awards program based on residual values for commercial trucks. Winners...
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November 01, 2018, 07:15 AM
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Preliminary North America Class 8 net order data show the industry booked 42,200 units in June, exceeding 40,000 units for the fourth time in six months, ACT Research reported.“Preliminary net order data indicate that demand for Class 8 trucks...
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July 05, 2018, 07:00 AM
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U.S. and Canadian Natural Gas Class 8 truck retail sales rose 13 percent in 2017 but shed 23 percent year-to-date through February 2018, ACT Research reported. “After a relatively strong Q4, it isn’t surprising that Q1 might be a bit soft. On a...
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April 20, 2018, 07:00 AM
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ENGS Commercial Finance Co. has closed a $225.4 million equipment securitization through ENGS Commercial Finance Trust 2018-1.This is ENGS’ third securitization transaction since 2015, collateralized by a segregated pool of commercial loan contracts...
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March 27, 2018, 07:20 AM
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After a flat quarter in Q3, U.S. and Canadian Natural Gas Class 8 truck retail sales rose 9% year-to-date through November. “Despite the uncertainty spurred by the current climate of changing environmental winds and low oil prices, the reading...
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January 29, 2018, 07:05 AM
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The commercial fleet and truck leasing sectors are in solid shape and will remain so in 2018 in spite of some broader sector obstacles, according to Fitch Ratings in a new report. As its most recent review of fleet lessors back in October concluded...
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January 05, 2018, 07:08 AM
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Price Digests, the leading asset data provider to the commercial insurance and equipment finance industries, has launched a new solution that brings scale and efficiency to valuing large on-highway truck and trailer fleets. Leveraging...
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December 14, 2017, 07:05 AM
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Forbes reported that Tesla’s CEO Elon Musk will soon be unveiling an electric semi-truck. According to the report, this marks Tesla’s first step toward entering the commercial transportation space.The Forbes article explains how Tesla’s entry into...
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September 19, 2017, 08:00 AM
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SunTx Capital Partners, a Dallas-based private equity firm that invests in middle market manufacturing, distribution and service companies, announced that it has acquired a majority equity interest in Freedom Truck Finance, a commercial specialty...
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September 08, 2017, 07:30 AM
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Graebel Van Lines, one of the nation's largest privately-owned moving companies, has shut down operations and is selling more than 850 of its trucks and trailers at Ritchie Bros. unreserved public auctions across the United States in 2017. Every item...
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May 26, 2017, 07:10 AM
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Facilitated by the additional build days, trailer production jumped 25% from February, the highest level since March of last year. “Roughly 60% of the month-over-month gain came from the additional build days in the quarter-ending month, while the...
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April 26, 2017, 06:52 AM
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Class 8 same dealer used truck sales volumes continued to show strength in the closing month of the first quarter, increasing month-over-month with a third sequential double-digit rise, according to the latest release of the State of the Industry:...
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April 25, 2017, 07:00 AM
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Used Class 8 truck same dealer sales volumes started 2017 on a positive note, up markedly compared to a relatively weak January 2016. Somewhat uncharacteristically, sales also rose from December, marking a second consecutive month-over-month increase...
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March 02, 2017, 07:00 AM
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Fleet Advantage released results of its latest industry survey, which takes an annual look at practices and insights from truck fleet operators and for-hire carriers. This survey is a follow up to industry research conducted by Fleet Advantage in...
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January 12, 2017, 07:05 AM
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In response to increase demand for rental and leasing services, PacLease has added ten new locations. The leasing and rental company, which offers the full line of Kenworth and Peterbilt trucks, now has 454 locations in the United States and Canada....
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December 29, 2016, 07:20 AM
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New and net trailer orders climbed in October, driven both by Dry Vans and Reefers. Even with October’s rebound though, orders are still behind from last year by a wide margin, according to the most recent State of the Industry: U.S. Trailers...
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November 28, 2016, 06:50 AM
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Total North American Class 8 truck production peaked in 2015, with ACT predicting lower demand in 2016 and 2017 followed by recovery. A preemission boom is forecasted in 2019 and 2020, before a sharp drop into 2021, according to a new report by...
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October 10, 2016, 07:10 AM
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Used Class 8 truck same dealer sales volumes continued to show volatility in August, yet remained on a positive trend, including a 19% increase over July. Enhanced by the latter, long term comparisons show 2016 being off by only 2% year-to-date...
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September 26, 2016, 07:20 AM
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Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management recently expanded its business focus beyond Private-Fleet carriers with its flexible leasing solutions, analytics and business...
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August 30, 2016, 07:00 AM
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For the second time this year and only the fourth time in 19 months the demand for Class 8 trucks rose faster than the supply, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).Steve Tam, ACT’s Vice...
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July 13, 2016, 07:00 AM
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The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).“The capacity index [supply] rose faster than the freight index [demand] for the...
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February 17, 2016, 07:00 AM
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For the month of January, 36,400 Classes 5-8 vehicle orders were booked. That was the third lowest volume of the past 8 months. Note that these numbers are preliminary. Actual numbers will be published in mid-January.“Economic reports over the course...
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February 04, 2016, 07:00 AM
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Class 8 booked 28,150 net new orders in December, while Classes 5-7 posted 22,450 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8...
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January 21, 2016, 06:52 AM
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For the month of December, 49,700 Classes 5-8 vehicle orders were booked, up 40% month over month. Note: these numbers are preliminary. Actual numbers will be published in mid-January.“December’s volume represented the strongest aggregate month for...
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January 06, 2016, 07:10 AM
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Class 8 booked 25,900 net new orders in October, while Classes 5-7 posted 21,900 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8...
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November 19, 2015, 06:56 AM
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Freight volumes in October were disappointing according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT). More broadly, the October survey was in line with other reports showing softer freight conditions.“ACT Research’s...
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November 16, 2015, 06:56 AM
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Ritchie Bros. sold CA$137+ million (US$104+ million) of heavy equipment and trucks at its unreserved public auction in Edmonton, AB this week (October 27 – 29, 2015). Ritchie Bros.' Edmonton site has already surpassed its 2014 sales record, selling...
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October 30, 2015, 07:05 AM
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Used Class 8 truck metrics were generally in line on a year-to-date basis, but all except volumes fell slightly when compared m/m and y/y. Volumes lost 7% m/m, but were up 2% y/y, while average mileage decreased 3% and 5%, respectively. The average...
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September 28, 2015, 06:59 AM
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Used Class 8 truck metrics were generally in line from June to July, with average age and miles up an incremental 1% each. Compared to last year, average prices were up 2% in July and 6% YTD, according to the latest release of the State of the...
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August 27, 2015, 07:00 AM
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Class 8 booked just over 24,600 net new orders in July, while Classes 5-7 posted 15,900 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5...
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August 20, 2015, 07:00 AM
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Class 8 net orders were just under 20,300 units in June, while Classes 5-7 posted 15,500 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5...
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July 24, 2015, 06:00 AM
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Keeping with the flattening trend seen in age and mileage, average price also experienced a leveling off compared to April. YTD prices were up 8% from last year, with gains in line for ACT’s expectations of 5-10% growth in 2015.Total reported volumes...
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June 26, 2015, 07:03 AM
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Total reported volumes of used Class 8 trucks inched to 2,806 units in April, virtually unchanged month-over-month, but up 1 % year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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May 22, 2015, 06:57 AM
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Total reported volumes of used Class 8 trucks climbed to 2,770 units in March, a jump of 14% month over month and 5 % year over year, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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April 27, 2015, 06:00 AM
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Class 8 net orders were just over 24,600 units in March, while Classes 5-7 posted 20,800 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5...
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April 20, 2015, 07:00 AM
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Total reported volumes of used Class 8 trucks fell to 2,239 units in January, a decline of 12% month over month and 3% year over year, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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March 02, 2015, 07:00 AM
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Total reported volumes of used Class 8 trucks improved to 2,078 units in December, rising by 8% month over month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“For total 2014...
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January 30, 2015, 07:03 AM
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According to a study released by GE Capital Fleet Services, companies that own their vehicle fleets report that they are challenged by capital expenditure limitations and the total cost of ownership of their fleets.Nearly 200 CFOs and fleet managers...
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January 21, 2015, 07:06 AM
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Demand for commercial vehicles was healthy in December as 65,700 total NA Classes 5-8 orders were booked, up 41% from a year ago. Over the past twelve months, NA Classes 5-8 net orders have totaled 602,300 units – an average of more than 50,000...
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January 08, 2015, 07:03 AM
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Total reported volumes of used Class 8 trucks were flat in October, rising by 1% month over month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “The month over month gain came...
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December 01, 2014, 06:34 AM
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Medium and heavy duty classes 5-8 orders were placed at very healthy levels in October, with Class 8 nearly breaking the all-time record for the industry. Total net orders for Class 8 were 45,978 units, up 76% year over year and the second best in...
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November 21, 2014, 07:00 AM
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With the natural gas powered vehicle market seemingly stalled as diesel fuel prices continue to drop, ACT Research has released the results of its updated research on U.S. Natural Gas transportation fuel trends in the heavy duty truck market. The...
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November 12, 2014, 07:06 AM
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Demand for commercial vehicles was robust in October as 67,900 total NA Classes 5-8 orders were booked, up 50% from a year ago. Over the past twelve months, NA Classes 5-8 net orders have totaled 563,600 units, representing the strongest 12-month...
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November 06, 2014, 07:04 AM
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Total reported volumes of used Class 8 trucks rose 6% month over month and 4% year over year in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Year-to-date, sales...
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November 04, 2014, 07:05 AM
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Ryder System announced today that C.A.T. Inc. (formally Canadian American Transportation, Inc.) has signed a full-service lease agreement for 100 compressed natural gas (CNG) sleeper tractors. This is Ryder’s first natural gas lease customer in...
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October 27, 2014, 07:17 AM
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ACT Research has released the results of its updated research on U.S. Natural Gas transportation fuel trends in the heavy duty truck market. Additionally, the report details the impact of today’s trucker-favored market, in which focus is placed more...
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September 19, 2014, 06:50 AM
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Demand for commercial vehicles remained at healthy levels in July as 45,400 total NA Classes 5-8 orders were booked. In the ten months since the start of stronger orders last October, NA Classes 5-8 net orders have been booked at an average of 45,200...
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August 06, 2014, 06:00 AM
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April North American Classes 5-7 net orders are expected at 17,800 units (±5%) and Class 8 net orders are expected at 24,400 units (±5%), when actual data are released mid-month.“Total NA Classes 5-8 orders totaled 42,200 units in April. While...
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May 05, 2014, 06:00 AM
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Class 8 net orders in February were up 30% y/y and Classes 5-7 net orders were up 18%. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT)....
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March 21, 2014, 06:00 AM
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Daimler Truck Financial announced that 2014 marks a company milestone, 40 years in the U.S. trucking industry. Since its inception, Daimler Truck Financial has grown its portfolio to more than 8.7 billion dollars with a customer base of more than 500...
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February 18, 2014, 06:56 AM
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December was the second biggest Class 8 order month since March 2006, with orders up roughly 50% month over month and year over year. Meanwhile, medium duty December net orders fell month over month; but year-over-year orders were mixed, with Classes...
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January 24, 2014, 06:38 AM
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According to a new report from Navigant Research, worldwide sales of natural gas trucks and buses will grow from 170,200 annually in 2013 to 398,400 by 2022.Driven by the lower cost of natural gas and the lower emissions from natural gas engines...
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January 21, 2014, 06:45 AM
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According to the State of the Industry report, recently released by ACT Research Co. (ACT), after a high-side surprise in October, Class 8 orders provided some low-side disappointment in November. For the month, new and net orders were 22,231 and...
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December 20, 2013, 06:20 AM
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The average selling price of total reported used Class 8 trucks continues to hold up better than expected, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“For the first ten months...
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November 27, 2013, 06:30 AM
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PHH Arval announced that Michael Quimby has been promoted to senior vice president of U.S. sales, where he will oversee a larger and enhanced sales team that will leverage the combined experience of PHH Arval's core fleet and truck organizations. In...
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November 22, 2013, 07:01 AM
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October was a very positive month for new order placement, exceeding order trends of the past few months. When released mid-month, NA Classes 5-7 orders are expected at 18,600 units (±5%) and Class 8 orders are expected at 26,300 units (±5%).“The...
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November 07, 2013, 06:30 AM
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Used truck dealers continue to characterize business as “good” or even better than expected, although maybe not quite as strong as they had hoped, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published...
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October 25, 2013, 06:49 AM
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GE Capital's Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets...
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October 22, 2013, 06:59 AM
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After posting the second best order month in nearly 6 years in August, September’s Classes 5-7 vehicle orders returned to the prevailing order trend. When released mid-month, NA Classes 5-7 orders are expected at 16,500 units (±5%). Class 8 orders...
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October 04, 2013, 06:35 AM
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The average selling price of total reported Class 8 used trucks continued to hold up better than expected in August, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“For the first...
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September 25, 2013, 06:28 AM
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As expected from the preliminary report, August was a good month for Classes 5-8 orders. However, the absence of sustained economic strength remains a limitation for Class 8 demand, and build expectations have been sharply curtailed over the past two...
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September 23, 2013, 06:30 AM
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FTR's Trucking Conditions Index (TCI) reading of 8.41 in July reflects a 30% improvement over the previous month’s reading. The jump reflects the indexes forward look at an expected pricing uptick for truckers this fall as capacity tightens with...
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September 16, 2013, 06:48 AM
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August saw Class 8 orders rise to their highest level in three months with a preliminary reading of 19,500 units (+20%y/y). The August seasonal factor is the third lowest in 2013. When applied, August’s seasonally adjusted Class 8 order total rises...
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September 06, 2013, 06:15 AM
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NA Class 8 net orders were lower in July, with the preliminary count coming in at 17,600 units. Compared to the same month last year, Class 8 net orders were 36% stronger. While ACT does not forecast net orders, order intake assumptions are...
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August 05, 2013, 06:50 AM
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ACT Research Co. (ACT) said that although commercial vehicle orders slipped month over month in June, there was still good news to be had. Class 8 net orders fell below 20,000 units for the first time since last September at 18,830 units. Classes 5-7...
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July 22, 2013, 06:43 AM
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North American Class 8 orders fell in June, with the preliminary count coming in at 18,900 units. Compared to the same month last year, Class 8 net orders were 13% stronger. Similar to Class 8, June’s medium-duty orders exhibited the same pattern of...
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July 03, 2013, 06:58 AM
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FTR Associates has released preliminary data showing April Class 8 truck net orders at 23,026, 6% above March numbers. Orders for Class 8 trucks have now been above 20,000 for five consecutive months with April orders 37% improved from a year ago....
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May 14, 2013, 06:55 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the used truck market enjoyed a second consecutive month of improved volumes in March. The retail market was flat compared to...
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April 26, 2013, 06:07 AM
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Net trailer orders for March were down 6% month over month and 12% year over year. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). “Although orders are down, the...
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April 24, 2013, 06:00 AM
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Class 8 orders rose above 20,000 units for a sixth consecutive month in March, but fell sequentially for the first time since November. March Class 8 net orders totaled just over 22,000 units. Medium duty net orders totaled 15,400 units, a volume...
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April 22, 2013, 06:55 AM
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N.A. Class 8 net orders were above 20,000 units for a sixth consecutive month in March, but fell below February’s intake. Classes 5-7 net orders were down month over month and year over year. The final numbers, which will be released mid-April, will...
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April 04, 2013, 07:00 AM
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According to an article posted in Truck News, the North American truck market will remain flat this year, with better prospects for growth in the coming years, according to truck manufacturer and supplier executives at this year’s Mid-America...
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March 25, 2013, 07:00 AM
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Used Class 8 truck sales volumes were down in January, falling 6% month over month and 3% year over year. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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February 27, 2013, 07:08 AM
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Class 8 orders rose for a second consecutive month and remained above 20,000 units for a fourth consecutive month in January. Medium duty orders totaled nearly 14,000 units. This updated status of the North America commercial vehicle market was...
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February 22, 2013, 06:55 AM
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The Trucker reported that sales of Class 8 trucks totaled 13,158, a drop of 27.4% from December 2012 and a 6.8% decline from January 2012.According to the report, only the Daimler nameplates — Freightliner and Western Star — showed sales increases...
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February 14, 2013, 07:00 AM
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FTR Associates has released preliminary data showing January Class 8 truck net orders at 22,235, 7% higher than December but down 11% year over year. Orders for Class 8 vehicles have been above the 20,000 mark for the past four months, showing some...
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February 05, 2013, 07:00 AM
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According to latest update on the used truck market reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the wholesale used market was the only segment to grow from 2011 to 2012, up 3%....
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January 30, 2013, 06:30 AM
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Medium duty demand ended 2012 on a strong note. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Class 5 through 8...
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January 22, 2013, 07:05 AM
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North America heavy duty GVW Classes 5-8 preliminary net orders for December represent an improvement from where orders were through most of 2012. The final numbers, which will be released mid-January, will approach 14,200 units for medium duty...
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January 04, 2013, 07:22 AM
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The revenue outlook for truck leasing firms is undergoing a shift as truck operators begin to re-assess the economics of long-term leasing opportunities, according to Fitch Ratings. Demand for short-term commercial truck rentals has been relatively...
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December 11, 2012, 07:24 AM
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After a brief hiatus in September, the used truck market appears to moving in the right direction, as Class 8 unit sales improved 6% month-over-month. The update on the used market was reported in the latest release of the State of the Industry: U.S....
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November 28, 2012, 07:03 AM
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New trailer orders rose by nearly a third from September to 24,707 units in October. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). “Dry vans were responsible...
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November 26, 2012, 07:37 AM
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North America Classes 5-8 commercial vehicle preliminary net orders for October, as reported by ACT Research rose to levels of “best since” comparisons. The final numbers, which will be released mid-November, will approach 23,200 units for heavy duty...
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November 05, 2012, 06:19 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, September’s weak performance all but wiped out the gains that had been made in the used truck market the prior three months. “Class...
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October 29, 2012, 06:04 AM
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Class 8 new and net orders continued to soften in September as the perceived threat of bad economic news impacts potential truck buyers. This updated status of the North America commercial vehicle market was included in the State of the Industry...
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October 24, 2012, 06:49 AM
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Pricing continues to be the most interesting and watched of the used truck market metrics. In August, pricing was up for all three time period comparisons, month over month, year over year, and year-to-date over year-to-date. Volumes also increase...
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October 01, 2012, 07:39 AM
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Ritchie Bros. Auctioneers sold more than $40 million of equipment items and trucks at an unreserved public auction in Fort Worth, Texas on September 25 - 26, 2012. More than 3,400 equipment items and trucks were sold in the auction—with each and...
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September 27, 2012, 07:00 AM
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With growth in the automotive and farming industries lifting the economies of the Great Lakes Region and Nebraska, the PacLease network of 450 locations in the United States and Canada is adding seven new franchise locations.Premier PacLease is...
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September 27, 2012, 06:39 AM
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Fleet Advantage Chief Executive Officer John Flynn reports that the privately held company in Fort Lauderdale has reached a new milestone and exceeded $100 million in revenue and lease origination for the six-month period ending June 30, 2012. This...
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September 12, 2012, 06:14 AM
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NationaLease, one of the largest full service truck leasing organizations in North America, announced the launch of its new website, with updated content that encourages visitors to learn more about NationaLease services, news, and events.“We...
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September 10, 2012, 07:30 AM
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Navistar International Corporation announced third quarter 2012 net income of $84 million compared to third quarter 2011 net income of $1.4 billion. Current quarter results included an income tax benefit of $196 million that primarily resulted from a...
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September 06, 2012, 07:27 AM
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ACT Research noted all the month-over month comparisons – volume, price, miles, and age – for all weight groups of used trucks improved in July.“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back...
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August 29, 2012, 06:15 AM
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Bloomberg reported that Volvo AB, the world’s second-largest truck maker, said second-quarter vehicle orders dropped 19% because of a weakening economic outlook in North America and southern Europe. According to the report, sales contracts fell to...
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July 24, 2012, 06:30 AM
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After a significant dip during the Great Recession, and a mild economic recovery, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations’ U.S. Freight...
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July 10, 2012, 06:40 AM
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North America heavy duty GVW Class 8 commercial vehicle preliminary net orders for June, as reported by ACT Research Co., LLC remained soft. Classes 5-7 net orders also fell below trend, but the decline was expected, as medium-duty activity typically...
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July 06, 2012, 06:50 AM
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Trailer industry orders softened in May. Given that orders in May have fallen below April volumes in ten of the past 12 years, the decline was anticipated. That they fell as far as they did – down 23% month over month on a seasonally adjusted basis –...
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June 26, 2012, 03:00 PM
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ACT Research lowered its Class 8 build expectations for the second half of the year due to continuing softness in demand in its June issue of the ACT N.A. Commercial Vehicle OUTLOOK. Expectations for medium-duty build were unchanged. The trailer...
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June 13, 2012, 06:45 AM
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April saw a turn-around in the trend of the prior two months in the Used Class 8 truck market, as volumes sank and pricing rose. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used...
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May 30, 2012, 07:30 AM
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Transport Topics reported Volvo AB’s North American truck deliveries rose 39% in April from a year ago. According to the report, sales for its Volvo and Mack brands improved to 4,712 trucks, from 3,388 a year ago, Sweden-based Volvo said in a...
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May 17, 2012, 07:00 AM
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Class 8 new and net orders of 22,038 and 20,025 units, respectively, were the lowest order volume since last July. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released...
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April 23, 2012, 06:30 AM
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The release of the 2012 edition of ATA American Trucking Trends by American Trucking Associations, now available for sale through ATA Business Solutions, shows that trucking continues to be the dominant mode of freight transportation and an integral...
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April 18, 2012, 08:00 AM
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The Trucker reported that heavy-duty new truck sales in March topped 17,000 and were the best to date for 2012, and also the best since October 2011. This also made March the second best single month in five years.According to the report, figures...
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April 13, 2012, 06:00 AM
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According to a report from thetrucker.com, carriers are less hesitant than in Q4 2011 to purchase equipment according to the Transport Capital Partners 1st Quarter 2012 Business Expectations Survey.The report indicates that in November of 2011, 73%...
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April 06, 2012, 08:00 AM
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Bloomberg reported that North American truck makers are poised for a third year of sales gains as the economic recovery forces fleet owners to replace aging vehicles. According to the report, shipments of Class 8 trucks may rise 12% in 2012 to more...
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March 30, 2012, 06:30 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.5% in February after falling 4.6% in January (revised from 4%). The latest gain put the SA index at 119.3, up from January’s level of 118.7. ...
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March 29, 2012, 05:45 AM
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ACT Research reported that in February, the performance differences between total vans and all other trailers was striking: net orders for total van trailers were off 32% month over month while all other trailers posted a gain of 31%. This update on...
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March 28, 2012, 07:00 AM
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February commercial vehicle net orders fell modestly below most people’s expectations. However, the results did not change ACT Research’s expectation for a very strong year of Class 8 demand. This updated status of the North America commercial...
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March 20, 2012, 07:30 AM
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GE Capital’s Spring 2012 Industry Research Monitor on Truck Transportation indicates the U.S. economy and freight indicators are holding steady. According to the report, high asset age, increased capacity utilization and improving used equipment...
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March 19, 2012, 07:45 AM
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Low freight activity and a down housing market decreased demand for truck rentals and leases during the recession, but the industry is set to pick up over the next five years according to IBISWorld’s report on the Truck Rental Industry. As the...
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March 19, 2012, 07:30 AM
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A Polk analysis of new and used commercial vehicle registrations (GVW 3-8) in the U.S. finds 1.25 million units were registered during the 2011 calendar year. Used commercial vehicle registrations reached a record level for a calendar year of...
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March 15, 2012, 08:00 AM
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ACT Research has shifted its long term forecast for the commercial vehicle industry. The cycle peak in 2013 has been adjusted downward, with stronger demand now stretching through 2014, according to the March issue of the ACT North American...
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March 13, 2012, 07:00 AM
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North America medium and heavy duty GVW Classes 5-7 and Class 8 commercial vehicle preliminary net orders for February were down from January as reported by ACT Research Co., LLC (ACT). The final numbers, which will be released mid-March, will...
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March 05, 2012, 06:15 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 4.0% in January after surging 6.4% in December 2011. The latest contraction put the SA index at 119.4 (2000=100), down from December’s record...
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February 29, 2012, 07:30 AM
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Used Class 8 truck price appreciation was prevalent in January sales in the retail and wholesale channels. The sole weak spot was the month-over-month change in auction results. Strength in pricing is once again attributed to soft volumes. The update...
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February 28, 2012, 07:00 AM
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January trailer net orders eased from December to 26,000 units, but they were the strongest orders for the first month of the year since 2006. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers...
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February 27, 2012, 06:30 AM
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ACT Research reported that despite a continuation of strong build, incrementally stronger orders allowed the Class 8 backlog to rise in January to 125,200 units, the highest backlog volume since last July. Classes 5-7 backlog rose to 36,500 units....
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February 22, 2012, 07:00 AM
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NewStar Financial Inc. announced that it has closed a $150 million secured credit facility through a financing subsidiary known as NewStar Commercial Funding 2012-1 LLC with an affiliate of Natixis Financial Products LLC. The proceeds will be used to...
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February 22, 2012, 06:30 AM
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NewStar Financial, Inc., a specialized commercial finance company, today reported net income of $6.4 million for the fourth quarter of 2011. On an adjusted basis, net income was $6.6 million, which reflected $0.2 million after-tax non-cash equity...
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February 16, 2012, 06:30 AM
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ACT Research remains bullish on Class 8 in the medium to longer term, according to the February issue of the ACT North American Commercial Vehicle OUTLOOK, published by ACT Research Co. (ACT). “We look for economic activity in 2012 to expand at a...
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February 14, 2012, 07:15 AM
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Transport Topics reported Daimler Trucks raised fourth-quarter earnings before interest and taxes 5% to $569.7 million, reflecting a 22% increase in worldwide truck sales.According to the report, fourth quarter worldwide truck sales rose to 129,404...
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February 10, 2012, 06:30 AM
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