The outlook for trucking companies buying new or used Class 8 trucks can best be described like a 2005 Facebook relationship status — “It’s complicated.”
Truck manufacturers began to fill build slots for the first quarter of 2023 in August but pent-up demand for equipment remains unstated.
The second FreightWaves Autonomous and Electric Vehicles Summit will feature leaders in autonomy and all things electrification.
Rusty Rush not only operates more truck dealerships than anyone on the planet, he also knows technology. And he has opinions on just about everything. So, buckle up. It’s Rush hour.
Lego bricks can help explain a lot of things, including a very messy supply chain. Penske Truck Leasing’s Paul Rosa got creative .
A severe recession deserves some mindshare among scenarios that could play out in coming months, ACT Research economist Jim Meil says.
Fleets are holding off on Class 8 truck orders because supply shortages continue to delay acceptance of 2023 bookings.
FreightWaves recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year.
A common theme during the downward swing in the cyclical freight market cycle is the movement of owner-operators in and out of large fleets.
Cautious OEMs allowed the smallest number of trailer orders so far this year, pushing back bookings until late summer.
Experts expected a closing of the gap between record-high auction and retail used truck prices. Now both are in retreat.
New rules proposed by the Securities and Exchange Commission regarding disclosure of climate-related risks and greenhouse gas emissions could greatly impact the trucking industry.
Don’t expect the restrictions that truck manufacturers are imposing on Class 8 order intake to last. There’s too much at stake.
Los conductores que persiguen las tarifas al contado se rinden ante la caída de las mismas
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.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
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.
War, pandemic shutdowns and supply chain woes resulted in a nearly 60% month-over-month decline in trailer orders in April.
Class 8 truck orders fell to a seven-month low in April as manufacturers continued to restrict bookings over supply chain uncertainty.
