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?