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.
