The latest figures from ACT and FTR show a new truck build market that remains solid but that slowed from a month earlier.
Some bullish commentators have suggested that strong heavy-duty truck sales means a recession isn’t looming. Further context is needed.
Despite the first labor strike in 35 years and volatile orders for new trucks, Martin Weissburg says his current role as president of Mack Trucks is the favorite of his 15-year Volvo Group career.
Last Week’s Pricing Power Index: 35 (Shippers) The trucking industry operates in a market based on real-time demand and supply. When demand is higher than capacity, carriers gain negotiating power for rates. When supply is higher than demand, shippers gain negotiating power for rates. FreightWaves’ Pricing Power Index uses the analytics and data contained in […]
The on-again, off-again trade war between the U.S. and China is a great threat to commercial vehicle forecasts, already buffeted by too many trucks and slowing freight growth.
The trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure. Preliminary used Class 8 same dealer sales fell 8 percent in June compared with May, according to ACT Research. Used truck sales were down 25 percent compared with […]
Class 8 truck orders rose sightly in June from May’s figures, but posted their worst first six months of the year since 2010.
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
Today on FreightWaves NOW, Craig Fuller gives us an astounding data comparison of new truck orders correlating with spot prices, and Zach Strickland follows up with an overview of Monday–and he doesn’t have the blues because things are anomalous.
National spot market price movement has a surprisingly tight relationship with new truck orders.
Capacity is still being added to the market. Truck orders numbers for both new and used models support this.
March orders for new trucks in the heaviest Class 8 weight segment plummeted 66 percent compared with the same month in 2018.
January new truck orders have fallen 26 percent from December, continuing a trend that has developed after record-breaking months last year.
Used truck pricing and volumes posted big gains in 2018 as a combination of factors, including a booming economy and limited availability of new trucks played a role.
New truck orders dipped in November, along with seasonal trends, but remain strong year-to-date with 468,000 units ordered so far in 2018.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
