Q4 earnings season has the potential to reveal actual progress and results for freight transportation companies, according to recent Morgan Stanley research.
Preliminary Class 8 order numbers look promising for November, but tariff uncertainty adds risks as 40% of Class 8 trucks for the U.S. market are currently built in Mexico.
ACT Research and FTR Transportation Intelligence reported strong September Class 8 net orders as OEM order books open up for next year.
ATRI’s recently released study on the costs and impacts of driver detention found detention times exceeded four hours in 4.9% of stops.
A recent ATA Driver Compensation Study shows median truckload driver salaries are up 10% in two years despite the poor freight market.
J.B. Hunt announced the completion of 50,000 autonomous long-haul trucking miles in a collaboration with autonomous trucking company Kodiak Robotics and Bridgestone Americas.
Trucker Path released its annual Highest-Rated Major US Trucking Corridors results. The I-90, I-5 and I-44 corridors took top spots in parking availability, truck stop ratings and fuel prices.
Phase 3 greenhouse gas emission standards for heavy-duty vehicles covering model years 2027 through 2032 mandate more zero-emission commercial vehicles.
Class 8 new truck orders were down in March, but the research firms that track them did not see it as significant.
Heavy truck orders are not an indicator of for-hire truckload market health and haven’t been since the pandemic ended.
Charles Gracey of Hot Seat Services says recruitment can be difficult even in the best of circumstances, with only a tiny fraction of applicants getting an offer and successfully completing orientation.
In December, a federal appeals court ruled that company team drivers’ time spent in sleeper berths after eight hours can be compensated under the Fair Labor Standards Act. The case involved a former CRST trainee who sued CRST in 2016 alleging that the team-based driver training program violated the FLSA based on the carrier’s compensation policy.
New Class 8 truck deliveries have fallen for four consecutive months even as vocational equipment sales rise.
The Federal Motor Carrier Safety Administration on Monday published a notice in the Federal Register that the state of Florida is seeking an exemption to the CDL testing regulation pertaining to skills testing.
FreightWaves’ Rachel Premack wrote an article on Wednesday outlining her experience attending a truck driver training conference in Corpus Christi, Texas, by the National Association of Publicly-Funded Truck Driving Schools (NAPFTDS). Premack sought to get more information on a fundamental disagreement in trucking that involves driver turnover and whether there is an ongoing driver shortage.
Fleets waited two years for back-ordered Class 8 trucks. Now largely met, demand has shifted to replacement needs.
FreightWaves on Tuesday interviewed Angela Acocella, postdoctoral researcher at Tilburg University and researcher with the MIT Center of Transportation and Logistics looking at the impact of ghost lanes on shipper and carrier networks.
Fleets are holding off on Class 8 truck orders because supply shortages continue to delay acceptance of 2023 bookings.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
Used truck prices continued to hit new highs each of the last six months according to ACT Research. Prices will eventually become too much of a burden for small fleets and owner-operators to bear, if they haven’t already.
“There are significant inventories of already produced vehicles where essential parts are lacking.”
Engine maker Cummins absorbed $105 million in freight costs to get microchips needed for engines during the trucking boom.
Heavy-duty trucks with collision avoidance, emergency braking and other safety technologies are beginning to enter the used truck market, potentially making the roads safer as older trucks are retired.
Carriers are investing in new trailers over tractors during the most recent freight boom. What does this mean for capacity in the future?
U.S. Xpress’ industry forecast calls for the truckload market to experience high driver turnover, declining capacity and “overwhelming” volumes through 2021.
The last time capacity tightened to this level, capacity flooded the trucking space. Will the same outcome occur in 2020?
Preliminary orders for Class 8 trucks in June rebounded to a four-month high, following a rapid improvement in freight rates.
A lot of the recent struggles for carriers originated in what many consider to be the most profitable year.
Class 8 orders in April plummeted to their lowest level since September 1995 as the COVID-19 pandemic froze new bookings and led to postponing near-term deliveries.
The coronavirus pandemic resulted in half as many year-over-year orders in a month when comparisons were expected to be easy. With truck makers suspending production, even the paltry bookings will go into backlog.
Steering advances, integrated steps over DEF tank among enhancements truck makers are bringing to market amid a continuing slowdown in new equipment orders
Already feeble orders of new tractors took another hit in February as uncertainty over the business impact of the coronavirus kept fleets out of the market.
Market Expert Mike Baudendistel looks at the prospects for the truck original equipment manufacturers in 2020.
North America propped up Daimler Trucks sales and earnings in 2019 as lower European and Asian volume, along with restructuring costs and settling emissions-cheating allegations dragged the industry leader’s results lower.
Power management company Eaton Corp. missed analyst estimates in the fourth quarter, partially because of weakness in the automotive sector and a $50 million warranty charge.
PACCAR overcame a slowdown in Class 8 truck orders to report record revenue and earnings in 2019, but fourth quarter results took a hit in both measures compared with a year ago.
New Class 8 truck orders dipped to their lowest level in a decade in 2019, payback for an ordering frenzy a year earlier.
It is sort of a hostage situation. New truck orders are stalled until used truck prices go higher.
Navistar International Corp. (NYSE: NAV) is regaining chunks of market share in medium- and heavy-duty trucks, winning back customers who walked away several years ago because they could not rely on the company’s products. Navistar has averaged a percentage point of additional core share a year since 2016. It is noteworthy in an expanding market […]
Preliminary orders for new Class 8 trucks tumbled again in November after one month of improved bookings, new evidence that a slowing manufacturing economy is sapping all but critical replacement demand.
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks.
Demand headwinds for agricultural and transportation equipment were the factors behind Cervus Equipment’s operating loss in the third quarter of 2019.
Daimler AG reported high sales and earnings in the third quarter but is cautioning that tougher times lie ahead for its Mercedes-Benz car and Daimler Trucks businesses.
A United Auto Workers strike against Mack Trucks could soon impact its sibling Volvo Trucks because both get engines and transmissions from the same plant in Hagerstown, Maryland.
Preliminary September orders for Class 8 trucks improved over August but remained stagnant as fleets delayed booking new equipment in the face of ongoing trade tensions slowing swaths of the manufacturing economy.
Class 8 truck manufacturers are beginning to pare production as the backlog of record orders from 2018 shrinks and new orders continue to be slow.
Class 8 truck orders fell again in August as fleets stayed on the sidelines while taking delivery of a record number of heavy-duty trucks ordered in 2018.
ACT Research: NA Class 8 orders totaled 490,100 units in 2018.
A company that once had problem after problem is turning things around on the back of the strong market for class 8 trucks.
North American Class 8 net orders came in around 42,800 units in September, falling 19 percent from August’s 53,069 units, according to preliminary data released by ACT Research.
It also marks the sixth time in eight months NA Class 8 net orders topped 40,000 units, according to ACT Research.
