GP Transco is installing solar panels on its entire fleet of around 600 trucks after testing the tech on 10 trucks over a six-month period. The company says the technology will save around $1,700 per tractor per year.
Commercial vehicle auction volume in February held steady, but prices fell, according to J.D. Power Valuation Services. Yellow’s liquidation is expected to affect March prices significantly.
Nothing is certain except death and taxes. And, apparently, vehicle recalls.
Class 8 truck orders dropped dramatically in both November and December, with orders dropping below deliveries in December.
There are projections by the company of a leveling but it’s not imminent.
Also in today’s issue: a beating shows the dangers to truckers, even off the road; an Indian company looks to disrupt that company’s trucking sector.
The number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.
FreightWaves Associate Editor John Paul Hampstead spoke to Andrew Davis, VP and Equity Investment Analyst at T. Rowe Price about the deal.
J.D. Power is forecasting more new truck deliveries in the coming months, but demand is still expected to outpace supply into the second quarter of 2019.
With OEM deliveries of new trucks restrained, it means that used truck sale prices are holding up.
Some highlights from this month’s J.D. Power Valuation Services used truck report. Demand is still outpacing supply in the late-model, low-mileage segment.
