truck production

Mexico truck makers break export record in August

Volvo reported record Q1 truck sales despite ongoing supply chain interruptions. The company took a $423 million charge for suspending Russia business.

March Class 8 truck orders fell slightly from February, but still added to an industry backlog that manufacturers are struggling to reduce.

Daimler Trucks North America built the 700,000th truck in its medium-duty assembly plant in Mount Holly, North Carolina, marking 41 years of Freightliner production.

The C-1000 electric delivery van from Workhorse Group can travel 160 miles on a single charge.

In August, Mexico’s production of heavy-duty vehicles was 12,592 units, a decrease of 30% compared to the same period in 2019.

From 15,000 workers on furlough in April, Daimler Trucks North America has seen steady build activity to meet replacement demand into 2021 as its order backlog grows.

Interest is rising in Workhorse’s electric truck-based drone delivery system as the company seeks $40 million credit line to scale production.

All four major heavy-duty truck manufacturers now have suspended production for at least two weeks, with market leaders Daimler Trucks North America and PACCAR Inc. the latest to stop building trucks because of the coronavirus pandemic.

Preliminary Class 8 retail sales for September set an all-time record, but large fleet deliveries likely inflated the results that erased the previous record set in December 2006. Meanwhile, the backlog of trucks waiting to be built is falling, which is leading to layoffs..

ACT Research says the trucking industry meets the definition of being in a technical recession as all major metrics it tracks have declined for two consecutive quarters.