Class 8 truck orders

Class 8 truck orders defied estimates of flattening in February as fleets show they still have money to spend.

FreightWaves’ Noi Mahoney reports that, according to CargoNet data, a surge in cargo thefts near the end of 2022 led to an estimated $223 million in goods being stolen across Canada and the U.S. 

Class 8 truck orders in January fell year over year for the first time since August, lightening the 2023 backlog.

A Republican-backed bill introduced by U.S. Rep Brian Mast, R-Fla., seeks to exempt underage truck drivers from rules that prohibit them from hauling containers to and from marine terminals.

Class 8 truck backlogs enter 2023 in healthy shape despite three consecutive months of lower orders after a record September.

Solid Class 8 orders in November still marked the second straight month of decline as backlogs grow and supply and labor issues persist.

Class 8 truck orders remained strong in October, but lower profits at truckload companies may cool bookings.

After nearly a year of accepting only orders they were sure they could build, heavy-duty truck OEMs fully opened orderbooks in September.

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.

Legal battle over trucking independent contractors The trucking owner-operator business model is getting more legal challenges. The 7th U.S. Circuit Court of Appeals overturned a lower court decision in May 2021 that ruled in favor of Schneider’s contract terms, creating a situation where an owner-operator is effectively an employee based on its interpretation of the […]

Volvo Group reported higher truck sales, profits and market share in the second quarter despite ongoing supply chain disruptions.

Don’t expect the restrictions that truck manufacturers are imposing on Class 8 order intake to last. There’s too much at stake.

Class 8 truck orders fell to a seven-month low in April as manufacturers continued to restrict bookings over supply chain uncertainty.

Volvo reported record Q1 truck sales despite ongoing supply chain interruptions. The company took a $423 million charge for suspending Russia business.

The pandemic and the supply chain crisis was a one-two punch for United Road Services, the car hauler that moves 4 million vehicles a year.

With order fulfillment lagging, Nussbaum Transportation counts on its maintenance skill to keep older equipment running longer.

Seeking to avoid the embarrassment of canceling fleet orders last year, truck manufacturers are keeping a tight lid on bookings.

Manufacturers kept the screws tight on new Class 8 truck orders in February as a lack of supply chain visibility maintained stable backlogs.

It took a delicate dance by truck manufacturers and fleets in January to keep Class 8 orders from adding to the industry’s huge backlog.