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Drilling Deep: The upturn in the market for used trucks

John Kingston
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Photo: Jim Allen/FreightWaves

Ryder is a major seller of used trucks. So it was notable that in its quarterly earnings report, it said the amount of money it was getting from the sale of used trucks was better than its estimates and that the market had been a pleasant surprise.

To talk about the market for used trucks, Chris Visser of JD Power joined host John Kingston on Drilling Deep. Visser is head of the research team at JD Power that studies the market for both used and new Class 8 vehicles, and he has a solid perspective on what’s happening in that market.

Also on Drilling Deep this week, Kingston talks about how diesel consumers have benefited from an imbalance in the market that the owners of refineries are starting to shut down. There are going to be fewer refineries. How is that going to affect you?

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.