Rush Enterprises plans 3:2 stock split following strong Q2
Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.
Rush Enterprises posted strong Q2 sales and profits, relying on its parts and services business amid trucking headwinds.
Ryder’s earnings rose sharply over the first quarter of 2021, with used truck sales a significant contributor to profitability.
Rush Enterprises sold Class 8 trucks at a level reflecting the industry’s overall COVID-impacted decline in 2020. It expects better results in 2021 and beyond.
Pulled along by improving orders for new Class 8 trucks, demand for late-model heavy-duty used trucks continues to swell.
Rush Enterprises barely felt the impact of the coronavirus pandemic in its new and used truck business in the first quarter, but it is bracing for a much harder hit to come.
Rush Enterprises, the largest seller of new and used trucks in the country, posted solid first quarter results but is concerned about coronavirus-related carnage to come.
Market Expert Mike Baudendistel looks at the prospects for the truck original equipment manufacturers in 2020.
The number of used Class 8 trucks for sale continues to grow as new equipment deliveries drain the backlog created during a 2018 order binge.
Daimler Trucks North America, the industry sales leader, is not sweating the loss of big chunks of heavy- and medium-duty market share trucks through the first nine months this year.
Used truck sales continue to fall but for the first time since January 2018, so are the prices asked for them.
Preliminary used Class 8 truck sales fell for the 10th consecutive month in August as used trucks hit the market in bigger numbers because of new truck deliveries from record orders placed in the latter half of 2018.
The average price of a Class 8 used truck sold in June was $48,800, up 6 percent compared to June 2018, according to the latest report by ACT Research.
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.
Preliminary used truck sales in the heaviest weight segment – Class 8 – dropped 22 percent in May compared with the May 2018.
FreightWaves CEO Craig Fuller assesses current conditions impacting trucking and outlines what is ahead for the industry.
Preliminary used truck sales in the heaviest weight segment – Class 8 – fell 13 percent in April compared with the same month a year earlier.