April Class 8 truck orders tank but OEMs have ample backlogs
Skimpy orders of Class 8 trucks in April mean little because OEMs have lots of backlogged orders to build and bill.
Commercial Trucking & Fleet Equipment Coverage
Throughout the pandemic, the commercial trucking industry struggled with a shortage of drivers. As the effects of the pandemic lessen and more drivers are hired, however, the industry is now facing a shortage of vehicles and other trucking equipment instead. Check back here for news and information related to trucking fleet equipment, plus insights and analysis on trends and issues impacting the trucking industry.
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Skimpy orders of Class 8 trucks in April mean little because OEMs have lots of backlogged orders to build and bill.
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Truck manufacturers booked about 19,000 Class 8 truck orders in March, a manageable load that lets them whittle away at backlogs.
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Rush Enterprises will curb its enthusiasm for stocking additional inventory of used trucks until prices begin to rise again.
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After a surge in orders in December, trailer OEMs follow truck manufacturers in reporting slower bookings with large backlogs.
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Wabash has signed a multiyear trailer supply agreement with J.B. Hunt, making good on its plan to smooth out equipment ordering.
Class 8 truck backlogs enter 2023 in healthy shape despite three consecutive months of lower orders after a record September.
Three rollover crashes of Peterbilt refuse trucks over eight model years led to the recall of 16,033 vehicles in the U.S. and Canada.
Drivers who paid top dollar for a used truck in the past year are probably kicking themselves, if not just taking the hit and walking away.
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Solid Class 8 orders in November still marked the second straight month of decline as backlogs grow and supply and labor issues persist.
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Daimler Truck North America is taking no chances that a brake module corrosion issue is more widespread than it thinks.
Class 8 truck orders remained strong in October, but lower profits at truckload companies may cool bookings.
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After nearly a year of accepting only orders they were sure they could build, heavy-duty truck OEMs fully opened orderbooks in September.
When the floor on auction prices of used trucks is reached late this year, they will still be 20% higher than pre-COVID prices.
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Cummins Inc. is recalling 12,196 engines across 28 manufacturers with a defect in the engine control module that can lead to stalling.
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Computer module thefts from older-model Freightliner Cascadias are slowing, but owner-operators are still being sidelined.
Used trucks commanded lower prices at auction and retail in July as the overheated equipment market continued to cool.
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Navistar is recalling 8,483 International LT and LoneStar Class 8 trucks because battery cables can overheat to 260 degrees Fahrenheit.
The HVUT is a tax applied annually to many heavy commercial vehicles. How do you know if your vehicles are affected?
Fleets are holding off on Class 8 truck orders because supply shortages continue to delay acceptance of 2023 bookings.
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Don’t expect the restrictions that truck manufacturers are imposing on Class 8 order intake to last. There’s too much at stake.
Auction prices for used trucks are dropping as more equipment shows up amid cooling spot freight demand.
Trailer makers continue to push away orders as supply chain issues in different areas vex production amid stable pent-up demand.
Almost all heavy-duty truck manufacturers are part of a safety recall involving improperly assembled steering gears from a Bendix subsidiary.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
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Used trucks had doubled in price over the last year. Now, auctioneers are reporting that prices are finally softening.
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Used truck auction prices started to ease in April as freight demand slowed, but they remain more than twice as expensive as a year ago.