November preliminary North America Class 8 net orders were 37,200 units, up 21% m/m. Complete industry data for November, including final order numbers, will be published by ACT Research in mid-December.“We are still in the early stages of the... Read Story

Truckload freight volumes continued to build in October as shippers looked for capacity to get ahead of the holiday retail season and potentially higher tariffs next year, said DAT Freight & Analytics, which operates the DAT One freight marketplace... Read Story

Transport Enterprise Leasing (TEL) has launched a discount program in support of military veterans in the commercial trucking industry. According to TEL President and Co-Founder Jud Alexander, the initiative aims to help veterans succeed as... Read Story

September net trailer orders, at 12,200 units, closed Q3’s net order intake at 27,000 units. This brings ytd net order activity to 101.6k units, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.“Build... Read Story

September U.S. trailer net orders rose by 75% month-over-month (m/m) from a low base to 11,532 units but were down 63% year-over-year (y/y). Net orders were the lowest for a September since 2016. Despite the opening of 2025 order boards, the... Read Story

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 2.1% in September after rising 1.7% in August. In September, the index equaled 113.2 (2015=100) compared with 115.6 in August.“After increasing a... Read Story

ACT Research this week reported a strong kick off to the order season for Final North American Class 8 orders in September. Orders totaled 37,100 last month, and while the top line was respectable, the underlying numbers point to a divided market... Read Story

According to ACT Research, preliminary net trailer orders rose about 4,400 units from August to September, but at 12,100 units, were lower compared to last September, down 61% y/y. Seasonal adjustment (SA) at this point in the annual order cycle... Read Story

The US Class 8 market remains bifurcated, with continued overcapacity leading to generationally weak for-hire tractor fundamentals and stimulus/industrial policy supporting vocational equipment demand, as published in the latest release of the North... Read Story

September preliminary North America Class 8 net orders were 37,100 units, doubling last month’s intake and up 0.3% y/y. Complete industry data for September, including final order numbers, will be published by ACT Research in mid-October.“Class 8... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price built on July’s progress in August, climbing 4.6% m/m to $58,350.Used Cl8 Retail Summary Heat Map August 2024... Read Story

Recent data show declining equipment and load posts, in a sign of ongoing private fleet insourcing, according to the latest release of the Freight Forecast: Rate and Volume OUTLOOK report.“Even with more private fleet capacity in the spot market than... Read Story

August net trailer orders, at 7,700 units, were nearly 40% lower y/y, but 500 units above July’s intake. This brings ytd August net order activity to 89.4k units, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers... Read Story

Final North American Class 8 net orders totaled 16,249 units in August, down 14% y/y. The weakness was concentrated in vocational units, where interest rate-sensitive residential spending continues to underperform and strong construction trends wane... Read Story

Fleet Advantage announced at the IAA Transportation 24 Conference the launch of its latest innovative offering, a new “EV Path” program designed specifically to support heavy duty fleet organizations in their transition to electric vehicle (EV) and... Read Story

Following a better-than-expected July, it comes as no surprise that August’s preliminary Class 8 same dealer used truck retail sales volume growth (+1.7%) lagged expectations, according to the latest preliminary release of the State of the Industry:... Read Story

August preliminary North America Class 8 net orders were 16,400 units, up m/m but down 16% y/y. Complete industry data for August, including final order numbers, will be published by ACT Research in mid-September.“Class 8 orders remained at... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price made good progress in July, rising 2.3% m/m, to $55,800.“On a y/y basis, prices were 14% lower. Prices are... Read Story

Private fleet capacity additions, inbound insourcing, and increased spot market presence have dragged out the for-hire freight downturn for at least a year, according to the latest release of the Freight Forecast: U.S. Rate and Volume OUTLOOK... Read Story

Final North American Class 8 net orders totaled 13,465 units in July. Exports and Mexico accounted for 13% of July’s orders, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.“The Class 8 backlog fell 13,626 units m/m... Read Story

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 0.3% in July after declining 1.8% in June. In July, the index equaled 113.7 (2015=100) compared with 113.3 in June.“While July wasn’t a strong month... Read Story

Preliminary net trailer orders rose about 1,000 units from June to July, but at 7,200 units, were lower compared to last July, down 37 percent y/y. Seasonal adjustment (SA) at this point in the annual order cycle boosts July’s tally to 10,300 units.... Read Story

ACT Research marks 2025 expectations for medium-duty and heavy-duty trucks down sharply this month, even as 2024 forecasts push higher. The biggest driver of Classes 5-7 and Class 8 2024–2025 forecast changes are driven by excessively strong build... Read Story

July preliminary North America Class 8 net orders were 13,400 units, down 8 percent m/m and 13 percent y/y. Complete industry data for July, including final order numbers, will be published by ACT Research in mid-August.“Class 8 orders remained at... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price took a big hit in June, slumping 7.6 percent m/m and 20 percent y/y to $54,300 units.“We signaled the price drop... Read Story

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.6 percent in June after increasing 3 percent in May. In June, the index equaled 113.5 (2015=100) compared with 115.3 in May.“While giving back some... Read Story

June net trailer orders, at 6,300 units, were 19 percent lower year/year, but a mere 275 units above May’s intake. June’s order tally brings Q2 net orders to 26k units (-14 percent from Q2’23) and closes the first half of 2024 with 74.5k net orders... Read Story

The freight market continues to be characterized by overcapacity, and with private fleets engaging in spot activity more than in past cycles, spot rates remain only slightly above the late-2023 lows, according to the latest release of the Freight... Read Story

After last month’s anomalous order number, June’s activity offers a more reflective view of current market conditions, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.Final North American Class 8 net orders totaled... Read Story

ACT Research’s U.S. Tractor Dashboard, a metric that provides forward-looking market insight by encompassing variables that take both supply and demand into account, underscores that rather than getting better, the US Class 8 tractor outlook has... Read Story

June preliminary North America Class 8 net orders were 14,800 units, down 37% month/month and 12% year/year. Complete industry data for June, including final order numbers, will be published by ACT Research in mid-July.“Even in good years, Q2... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price ebbed 1.5 percent lower m/m to $58,400 in May.“On a year-over-year basis, used retail prices were 15 percent lower... Read Story

Some of the recent Class 8 order strength is likely due to a small amount of prebuying, but overall, May’s orders are likely anomalous, as the industry is in the weakest period of the year for orders, and carrier profitability remains at multicycle... Read Story

May net orders, at 6,100 units, were about 46 percent lower year/year, and 7,650 units below April’s intake. May’s tally brings the YTD net order activity to 68,200 units, 25 percent lower than the first five months of 2023, with its faster paced... Read Story

Trucking data in May were disinflationary—higher truck orders, lower Cass shipments, and stalling spot trends—and show an industry prioritizing planning for emissions rules over cost economics, according to the latest release of the Freight Forecast:... Read Story

American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 3.6 percent in May after decreasing 1 percent in April. In May, the index equaled 115.9 (2015=100) compared with 111.9 in April."May was the first... Read Story

Preliminary net trailer orders dropped nominally from April to May, and at 6,000 units, were lower compared to last May, down 46 percent year/year. Seasonal adjustment (SA) at this point in the cycle boosts May’s tally to 7,100 units. Final May... Read Story

Except for Class 8, trailer and Classes 4-7 forecasts were largely unchanged, as published in the latest release of the North American Commercial Vehicle OUTLOOK.“Not only did April build not slow in the face of tough freight fundamentals, falling... Read Story

Counter to expectations, preliminary Class 8 same dealer used truck retail sales volumes continued to increase in May (+7.4 percent), according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by... Read Story

May preliminary North America Class 8 net orders were 23,200 units, up 46 percent m/m and 49 percent y/y on soft comparisons. Complete industry data for May, including final order numbers, will be published by ACT Research in mid-June.“Market... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price slid 1.9 percent m/m to $58,900 in April.“On a year-over-year basis, used retail prices were 17 percent lower,”... Read Story

The latest release of ACT Research’s For-Hire Trucking Index continues to reflect a slowly recovering for-hire trucking market. The Volume Index decreased 4.1 points in April to 41.7, seasonally adjusted (SA), from 45.8 in March.Carter Vieth... Read Story

American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index declined 1.2 percent in April after decreasing 2.2 percent in March. In April, the index equaled 111.7 (2015=100) compared with 113.1 in March."The truck... Read Story

Except for trailers, changes to medium duty and Class 8 forecasts this month were small, as published in the latest release of the North American Commercial Vehicle OUTLOOK.“The trailer forecast receives a more substantive haircut this month, driven... Read Story

Preliminary net trailer orders were little changed nominally from March to April. However, at 13,700 units, orders were higher compared to last April, up 21 percent y/y. Seasonal adjustment (SA) at this point in the cycle boosts April’s tally to... Read Story

April preliminary North America Class 8 net orders were 15,600 units, down 1,800 units from March, but 30 percent higher than a very easy year-ago comparison. Complete industry data for April, including final order numbers, will be published by ACT... Read Story

The latest U.S. Bank Freight Payment Index revealed the U.S. truck freight market contracted significantly during the first three months of 2024. Spending by shippers decreased 27.9 percent in the first quarter compared with the same period in 2023... Read Story

Freight demand is nearing an upturn as growing goods spending, a turning inventory cycle, and rising industrial production will add to freight demand this year. After a two-year downturn, the upturn is likely within a couple of months, according to... Read Story

American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index declined 2 percent in March after increasing 4 percent in February. In March, the index equaled 113.4 (2015=100) compared with 115.7 in February."Tonnage in... Read Story

March trailer net orders, at 13,600 units, were nearly 25 percent lower y/y, and 7k units below February’s intake. This brings Q1’24 net orders to 48.3k units, down 29 percent from Q1’23’s faster paced order environment, with its pent-up demand and... Read Story

Final March Class 8 net orders totaled 17,410 units (17.2k seasonally adjusted), down 8.4 percent year over year. Total Classes 5-7 orders rose 23 percent y/y to 25,359 units (23.4k seasonally adjusted), as published in ACT Research’s latest State of... Read Story

After pushing its 2024 North America Class 8 production forecast up the previous two months, the forecast is left essentially unchanged in April, as published in the latest release of the North American Commercial Vehicle OUTLOOK. While 2024 retail... Read Story

Preliminary net trailer orders decreased nominally from February to March. At 13,600 units, orders also were lower compared to last March, down 24 percent year over year. Seasonal adjustment (SA) at this point in the cycle leaves March’s tally... Read Story

Although the growth rate of preliminary Class 8 same dealer sales volumes slowed in March, it showed no signs of letting up (+3.7 percent), according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks... Read Story

Every day, Transport Enterprise Leasing (TEL) works to help independent owner-operators, commercial truck fleets and other customers succeed in the transportation business. Now the company has joined the American Trucking Associations (ATA) to expand... Read Story

Fleet Advantage announced Wesley Hall, CTP, has been promoted to Fleet Director of Operations and Off Lease; Ysis Jackson has been promoted to Remarketing Operations Manager; and Shayna Sweet has been promoted to Manager of Dealer Services and... Read Story

Since inception 10 years ago, this successful Minority- Woman-Owned Business (MWOB) has focused on providing solutions such as port drayage, rail drayage, and warehousing services. Experiencing continuous growth, they now service all major ports and... Read Story

March preliminary North America Class 8 net orders were 17,300 units, down 10,400 units from February and 18.7 percent from a year ago. Complete industry data for March, including final order numbers, will be published by ACT Research in... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price improved 4.4 percent m/m to $62,100 in February.“On a year-over-year basis, used retail prices were 14 percent... Read Story

Weak freight rates continue to reduce carriers’ willingness to invest in equipment. February net orders, at 20,500 units were nearly 21 percent lower year/year, but 6.6k units above January’s intake, according to this month’s issue of ACT Research’s... Read Story

Final February Class 8 net orders, at 27,745 units were up 16 percent year/year. Total Classes 5-7 orders were up 8.6 percent y/y at 19,127 units, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.“Given ongoing weak... Read Story

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 4.3 percent in February after decreasing 3.2 percent in January. In February, the index equaled 116.0 (2015=100) compared with 111.3 in January.“After... Read Story

February’s preliminary net trailer orders increased nominally from January to February. At 20,500 units, orders were lower compared to last February, down nearly 21 percent y/y. As we’re at the end of peak order season, seasonal adjustment (SA)... Read Story

Preliminary Class 8 same dealer used truck retail sales volumes increased 15% m/m in February, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.According to Steve Tam... Read Story

January preliminary North America Class 8 net orders were 27,700 units, up 600 units from January and 16 percent from a year ago.“Weak freight and carrier profitability fundamentals, and large carriers guiding to lower CAPEX in 2024, would imply... Read Story

Fleet Advantage announced a new collaboration with FleetNet America. The new relationship complements Fleet Advantage’s already robust asset management solutions, with the ability to facilitate reliable fleet maintenance service offerings to... Read Story

While trucking demand remains soft overall, rising imports and intermodal trends are key leading indicators of a recovery in trucking this year, according to the latest release of the Freight Forecast, U.S. Rate and Volume OUTLOOK report. Recovering... Read Story

ACT Research’s semi-annual seminar in February hosted industry leaders such as Bill Kretsinger, Chairman and CEO at American Central Transport, Joe Vitiritto, President and CEO at PAM Transport, and Marshall Franklin, CEO and CFO at Highway Transport... Read Story

Weak freight rates continue to reduce carriers’ willingness to invest in equipment, resulting in low trailer orders and high cancellations in January, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers... Read Story

American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 3.5 percent in January after increasing 1.2 percent in December. In January, the index equaled 111.0 (2015=100) compared with 115.0 in December.ATA... Read Story

Final January Class 8 net orders, at 27,125 units, were up 45 percent year over year (y/y). Total Classes 5-7 orders were up 14 percent y/y at 19,954 units, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.“US Class... Read Story

January’s preliminary net trailer orders decreased nominally from December to January. At 13,700 units, orders were lower compared to last January, down nearly 43 percent year over year. As we’re still in peak order season, seasonal adjustment (SA)... Read Story

Preliminary Class 8 same dealer used truck retail sales volumes accelerated 17 percent month over month (m/m) in January, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research... Read Story

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.1 percent in December after falling 1.4 percent in November. In December, the index equaled 115.7 (2015=100) compared with 113.3 in November.While... Read Story

January preliminary North America Class 8 net orders were 27,000 units, up 600 units from December and 45 percent from a year ago. Complete industry data for January, including final order numbers, will be published by ACT Research in... Read Story

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to the latest U.S. Bank Freight Payment Index. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7 percent... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price dropped 2.6 percent month/month to $58,000 in December. Retail prices last saw that level in April 2021.“On a year... Read Story

he latest release of ACT Research’s For-Hire Trucking Index reflects the gradually recovering freight market.The Supply-Demand Balance tightened by 2.2 points in December to 54.2, seasonally adjusted, from 52.0 in November.Tim Denoyer, Vice President... Read Story

With freight markets continuing their bounce along the bottom, carrier profits at a low ebb, and pent-up demand exhausted, the 2024 game plan is more about hoping and coping than full steam ahead for the trailer market, according to this month’s... Read Story

U.S. freight cycle fundamentals will improve in 2024, according to the latest release of the Freight Forecast, U.S. Rate and Volume OUTLOOK report. Freight demand is below trend, but starting to recover, as post-pandemic effects fade, both real... Read Story

The convergence of continued strong build rates, a fading U.S. tractor sales trend, and early in the year sales seasonality risk a Class 8 inventory surge in Q1. ACT Research points out some of that dynamic can already be seen with more inventory... Read Story

Garrington Capital closed a $1.2 million senior secured term loan to the U.S. subsidiary of a multi-national manufacturer of spare parts for heavy-duty commercial vehicles. The loan helped the borrower complete the build-out of new warehouses in the... Read Story

November’s preliminary net trailer orders decreased nominally from October to November. At 20,900 units, orders were lower compared to last November, down 47 percent y/y. As we’re still in the peak order season, seasonal adjustment (SA) lowers... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price fell 6 percent month/month to $59,300 in November, marking the first month of a sub-$60,000 price since April 2021... Read Story

Peak order season opened in September, and although net orders in November continued to show relatively healthy bookings, they were softer than the previous two months. Unlike the last few years with challenges solidly on the supply-side of the... Read Story

The surprising strength in the economy in 2023 may provide less ballast for freight in 2024, but supply contraction should propel the cycle forward in 2024, even if the broad economy slows, according to the latest release of the Freight Forecast, U.S... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1 percent in November after increasing 0.8 percent in October. In November, the index equaled 113.7 (2015=100) compared with 114.9 in October.... Read Story

Final November Class 8 net orders, at 41,732 units, were up 28 percent year over year, with tractor orders up 20 percent and vocational equipment orders up 60 percent on ongoing pent-up demand, as published in ACT Research’s latest State of the... Read Story

Preliminary Class 8 same dealer used truck retail sales volumes slipped in November (-2.5 percent month/month), a little more than normal seasonality would suggest, according to the latest preliminary release of the State of the Industry: U.S.... Read Story

Even as we leave the forecast unchanged this month while witnessing continued positive order activity relative to our forecast, we caution that the freight market fundamentals that inform on the largest single Class 8 market, U.S. for-hire truckload... Read Story

The used heavy-duty truck and semitrailer markets have undergone a correction in 2023 in response to the extreme supply-demand imbalance that emerged in 2022. According to new market reports from Sandhills Global, inventory levels of used heavy-duty... Read Story

November preliminary NA Class 8 net orders were 41,700 units, rising by 9,000 units from both October and year-ago November. Complete industry data for November, including final order numbers, will be published by ACT Research in... Read Story

Corcentric, a leading global provider of best-in-class procurement and finance solutions, announced a partnership with Riteload, a freight matching platform for the trucking industry, to provide Managed Payments services for carriers and... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price fell 1 percent m/m and 25 percent y/y to $62,900 in October.“The past three months’ less-than-expected declines... Read Story

Peak order season opened in September, and October net orders continued to show strong bookings. However, cancellations in some segments remain elevated, despite healthy backlogs. On balance, two solid months of orders are not enough for us to say... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.1 percent in October after declining 1.1 percent in September. In October, the index equaled 115.2 (2015=100) compared with 113.9 in... Read Story

Expectations are for freight markets to continue bouncing along the bottom in the near term, with some holiday volatility and a change in trajectory on the way next year, according to the latest release of the Freight Forecast, U.S. Rate and Volume... Read Story

While strong relative to freight market conditions, Class 8 orders were down 24 percent y/y in October, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.According to Kenny Vieth, ACT’s President and Senior Analyst... Read Story

October’s preliminary net trailer orders increased nominally from September to October, at 35,300 units, but were lower compared to last October, down more than 26 percent Y/Y. As we’re still in the opening of peak order season, seasonal adjustment... Read Story

Utica Equipment Finance extended a capital lease of $3,500,000 to facilitate the purchase of a trucking firm located in Virginia, specializing in regional bulk materials transportation. The customer successfully executed this deal by capitalizing on... Read Story

The American Trucking Associations released new projections showing truck tonnage will grow to 14.2 billion tons by the year 2034, securing the industry's position as the dominant mover of goods in the United States."In this edition of Forecast, you... Read Story

Velocity Truck Centers (VTC) announced the company has further expanded into Canada with the acquisition of First Truck Centre (First Truck). The acquisition of First Truck, with 12 locations in British Columbia and Alberta, Canada, adds the largest... Read Story

October preliminary NA Class 8 net orders were 31,900 units, remaining at above-trend levels nominally and seasonally. Complete industry data for October, including final order numbers, will be published by ACT Research in mid-November.“A strong... Read Story

During the third quarter, the amount spent to ship goods via truck freight was down 12.5 percent compared to a year prior while the volume of shipments was off 9.7 percent, according to the U.S. Bank Freight Payment Index. Spending fell 4.2 percent... Read Story

After a long downturn, freight demand fundamentals are gradually improving as pandemic substitution effects fade, destocking plays out, and real incomes improve, according to the latest release of the Freight Forecast, U.S. Rate and Volume OUTLOOK... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 average retail sale price fell 1 percent month over month and 25 percent year over year to $63,900 in September.“A second month of... Read Story

The latest release of ACT Research's For-Hire Trucking Index shows continued improvement in freight volumes, pricing and driver availability.The Volume Index fell 4.9 points in September to 49.5 seasonally adjusted (SA), from 54.4 in August. While... Read Story

For the past three months, we have written about dark clouds on the trailer market horizon. September opens the peak order season, and while it is tempting to say, “here comes the sun,” we would be remiss if we didn’t note that a) one month’s data... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1 percent in September after rising 0.2 percent in August. In September, the index equaled 113.9 compared with 115.2 in August.“After hitting a... Read Story

With the 2024 order season opening in September, the Class 8 backlog increased by 8,700 units from August to 161,300 units, and the backlog-to-build ratio increased to 5.5 months, as published in ACT Research’s latest State of the Industry: NA... Read Story

Preliminary Class 8 same dealer used truck retail sales volumes suggest buyers tightened their belts in September, down 5 percent month/month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks... Read Story

As published in the latest release of the North American Commercial Vehicle OUTLOOK, expectations for Class 8 and trailers are lowered as the recovery in freight markets remains elusive.“Within the broader Class 8 and trailer markets, US Class 8... Read Story

Navistar Financial relaunched retail capabilities to serve International truck and IC Bus customers. A captive financial services provider for Navistar, Inc., Navistar Financial provides customers with tailor-made, competitive loan and lease... Read Story

September preliminary NA Class 8 net orders were 36,800 units, up 67% m/m, reflecting the strongest order month in the past year. Classes 5-7 net orders were more trend-like, rising 13% m/m to 23,100 units. Complete industry data for September... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail sales rebounded strongly, as expected, from July’s misstep, advancing 12% m/m in August. Average mileage decreased 1%, while... Read Story

Penske Truck Leasing opened a new, state-of-the-art facility in Channahon, Illinois. At this location, Penske offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance. It is also outfitted with the... Read Story

The latest release of ACT’s For-Hire Trucking Index suggests an approaching turning point in the freight cycle, but perhaps not as quickly as for-hire fleets would prefer.ACT For-Hire Trucking Index Supply-Demand Balance August 2023The Supply-Demand... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.2% in August after rising 1.1% in July. “The evidence is growing that tonnage hit bottom in April and continues its slow climb upwards,” said... Read Story

August’s preliminary net trailer orders increased sequentially, to 11,500 units, but were lower against longer-term comparisons. As one of the weakest order months of the year, seasonal adjustment (SA) boosts August’s SA tally to 14,700 units. Final... Read Story

Star Leasing Company, a provider of trailer leasing and maintenance services and a portfolio company of I Squared Capital, announced it has signed an agreement to combine with Commercial Trailer Leasing (CTL), a full-service trailer lessor with a... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail sales faltered for the first time in three months in July, declining 7.8 percent month over month. Average mileage decreased 2... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.8 percent in July after falling 0.3 percent in June. In July, the index equaled 112.9 compared with 113.8 in June.“Headwinds for freight... Read Story

The rebalancing process in the U.S. freight market is being drawn out by reluctance to part with workers and significant private fleet capacity expansion, even as pressure on fleets worsened this month as diesel prices spiked, according to the latest... Read Story

Following on the heels of rising economic expectations, ACT Research’s forecasts for Classes 5-7, Class 8 and trailer output in 2023 and 2024 move higher again this month, as published in the latest release of the North American Commercial Vehicle... Read Story

Clouds on the trailer-market horizon bear watching, while simultaneously recognizing this is the seasonally weakest time of the year for forward-looking metrics, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.1 percent in June after increasing 1.2 percent in May. In June, the index equaled 116.5 (2015=100) compared with 114.1 in May.“While the tonnage... Read Story

According to the latest release of the Freight Forecast: U.S. Rate and Volume OUTLOOK report, driver capacity models suggest the record declines in freight rates should be pushing out more jobs, generating the kind of creative destruction needed to... Read Story

Preliminary NA Class 8 net orders remained seasonally soft (as expected) in June with 16,200 units, up 5 percent year over year (y/y) and 4 percent month over month (m/m), while preliminary Classes 5-7 rose a modest 2 percent y/y with 17,700 units... Read Story

Transport Enterprise Leasing (TEL) unveiled a new 56,000-square-foot, state-of-the-art fleet maintenance and reconditioning facility in Greenfield, IN, off I-70 in the East Indianapolis metro area. The facility can handle more than 130 tractors and... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) improved by 12 percent month over month (m/m) in May. Average mileage was flat, with average price... Read Story

While the sky still isn’t falling, there certainly are more ominous clouds on the horizon that bear watching closely moving forward, one being a significant uptick in trailer cancellations for a second consecutive month, according to this month’s... Read Story

Freight volumes, rates and supply-demand balance see positive progress in May, according to the latest release of ACT Research’s For-Hire Trucking Index.The Trucking Volume Index jumped in May to 49.4 (SA) from 37.7 in April, as destocking began to... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.4 percent in May after decreasing 1.7 percent in April. In May, the index equaled 115.4 (2015=100) compared with 112.7 in April.“Tonnage had a nice... Read Story

The most notable data points this month were heavy duty and medium duty retail sales, each up double digits year over year (y/y). Heavy duty cancellations moderated month over month (m/m) and backlog continues to trend lower, but units scheduled for... Read Story

Class 8 forecasts, as published in the latest release of the North American Commercial Vehicle OUTLOOK, are for slight year-over-year increases in retail sales and production volumes in 2023, reflecting stronger momentum into Q3. ACT Research... Read Story

Preliminary NA Class 8 net orders bounced back in May with 15,500 units, up 10 percent y/y (+29 percent m/m), while preliminary Classes 5-7 surged 27 percent y/y with 19,000 units (+3 percent m/m). Complete industry data for May, including final... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) declined 23 percent month over month in April. Average mileage declined by 1 percent, with average... Read Story

Freight volumes, rates, and capacity continued their decline in April, according to the latest release of ACT’s For-Hire Trucking Index.The Trucking Volume Index weakened further in April, at 37.6 versus 44.6 in March. Destocking contributed to the... Read Story

According to this quarter’s issue of ACT Research’s Trailer Components & Raw Materials Forecast, OEMs are reporting that their orderboards for 2023 are fully open, with most booked through the end of the year (a few with spots still available in Q4)... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 1.7 percent in April after decreasing 2.8 percent in March. In April, the index equaled 112.7 (2015=100) compared with 114.7 in March.“While the... Read Story

During the past six months, trailer manufacturers and major suppliers have largely indicated stable business conditions as compared to each prior month. Responses for May, relative to April, were in line with this trend. That said, this month’s... Read Story

Given the relatively weak environment for orders, combined with a fairly healthy supply chain, Class 8 backlog should be on a downward trajectory until 2024 orderboards open. April was no exception, with backlog down 15.1K units month over month to... Read Story

April’s preliminary net trailer orders decreased sequentially, and were lower against longer-term comparisons, with 10,000 units (11,900 seasonally adjusted) projected to have been booked during the month. Final April results will be available later... Read Story

Class 8 demand to this point has remained relatively resilient, but ACT Research sees clear softening in big fleet profitability and other ancillary metrics. Expectations, as published in the latest release of the North American Commercial Vehicle... Read Story

Penske Truck Leasing has opened a state-of-the-art facility in Pasco, WA. At this location, Penske offers consumer and commercial truck rentals, full-service truck leasing and contract truck fleet maintenance services. It is also outfitted with the... Read Story

More than 100 Corcentric customer and supplier representatives from North America and Canada gathered at the Westin Poinsett in Greenville, SC, for the company’s two-day 2023 Corcentric Fleet Solutions Conference in April. The event, previously known... Read Story

Preliminary NA Class 8 net orders in April were 11,600 units, down 27 percent year over year (-39 percent month over month, while preliminary Classes 5-7 net orders were 18,000 units, down 10 percent Y/Y (-6 percent M/M).Complete industry data for... Read Story

The volume of freight shipments moved via truck declined in the first quarter of 2023 by 6.1 percent year-over-year, according to the latest U.S. Bank Freight Payment Index.This was the fourth quarter in a row where volume has contracted on an annual... Read Story

Freight volumes improved, but remained weak, in March, and rates declined further, according to the latest release of ACT Research’s For-Hire Trucking Index.The Trucking Volume Index declined by less in March, at 45.3 (SA) versus 43.1 in February.... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) jumped 18 percent month over month in March. Average mileage declined by 5 percent, with average... Read Story

Trailer OEMs and major component suppliers continue to indicate strong demand and lingering supply-chain constraints. Despite OEMs expanding availability, 2023 is not yet fully open across the industry, partially because manufacturers continue to... Read Story

American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 5.4 percent in March after increasing 0.9 percent in February. In March, the index equaled 111.6 (2015=100) compared with 118 in February."After... Read Story

March’s preliminary net trailer orders decreased sequentially, and were lower against longer-term comparisons, with 16,800 units (16,300 SA) projected to have been booked during the month. Final March results will be available later this month. This... Read Story

Trucking industry demand was quite healthy in March, despite the turmoil experienced in the banking sector and another interest rate increase. Pent-up demand remains resilient, and cancellations continue at miniscule levels for both heavy duty (HD)... Read Story

Freight demand is likely to be soft for some time, but nascent capacity removal will be key to rebalancing. ACT Research points to slower declines and wider spreads between specialized and dry van rates this year and note that a lot of rebalancing... Read Story

Penske Truck Leasing has opened a state-of-the-art facility in Huntsville, AL. It provides service to both the Madison and Huntsville markets.At this location, Penske offers consumer and commercial truck rental, full-service truck leasing and... Read Story

Class 8 net orders in March were 19,200 units, down 10 percent year over year (-19 percent month over month), while NA Classes 5-7 net orders were 18,600 units. Complete industry data for March, including final order numbers, will be published by ACT... Read Story

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) were 8 percent lower month over month in February. Average mileage was unchanged, with average... Read Story

Reflecting a higher build rate, the backlog-to-build ratio contracted to 8.5 months in February, after closing January at 9.9 months. For context, the average since Q3 2021 has been in the 8-month neighborhood, according to this month’s issue of ACT... Read Story

Freight volumes and rates declined in February, but we’re closer to the end than the start of this freight downcycle. Rate trends should begin to recover as soon as traction on freight volumes is established, and slower capacity growth this month is... Read Story

The mild freight downturn is likely to persist as banking crises fray nerves and the retail destock progresses, and restocking is unlikely for a while. The truckload spot market is bottoming as labor capacity slows, according to the latest release of... Read Story

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, February heavy-duty and medium-duty production relative to build plan each fell short. The Class 8 build rate in February was 1,277 units per day (UPD), up 13.9 percent... Read Story

February’s preliminary net trailer orders increased sequentially, but were lower against longer-term comparisons, with 25,800 units (25,600 SA) projected to have been booked during the month. Final February results will be available later this... Read Story

Preliminary Class 8 same dealer used truck retail sales volume managed a small gain, rising 2 percent month over month in February. The small improvement paled in comparison to the 233 percent sequential increase in auctions sales and a 55 percent... Read Story

Ryder System, Inc., a company in supply chain, dedicated transportation and fleet management solutions, announced two leaders at Ryder are being recognized as part of the “Top Women to Watch in Transportation” list in 2023 by the Women in Trucking... Read Story

ACT Research and Rhein Associates recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK.Regarding legislation, Andrew Wrobel, Senior Powertrain Analyst at Rhein Associates, said, “The California Air Resources Board (CARB) approved a... Read Story

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... Read Story

Reflecting a lower build rate, January’s backlog-to-build ratio (BL/BU) increased to 9.9 months, after averaging ~8 months since August of 2021, according to ACT Research. That said, the BL/BU for total trailers decreased to 8.1 months when... Read Story

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.7 percent in January after increasing 1 percent in December. In January, the index equaled 117.1 (2015=100) compared with 116.2 in December.ATA... Read Story

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, January heavy-duty (HD) orders were relatively weak, but it remains to be seen whether this represented a pause after robust year-end orders, or the beginning of a more... Read Story

Preliminary used Class 8 retail volumes (same dealer sales) increased 24 percent month-over-month and were just 2 percent higher compared to January of 2022, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8... Read Story