Class 8 trucks
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Chart of the Week
New and smaller fleet growth stalls after rough 2019
New fleet growth is slowing while used truck prices collapse. Is this the first sign of contracting trucking capacity?
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Equipment
Fleet bankruptcies add downward pressure to used truck prices
Fleet failures and bankruptcies contributed to a 14% decline in prices in 2019.
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Business
Navistar rebuilds share as products and service grow customer base
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…
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Company earnings
Navistar beats Q4 earnings estimates but lays off 10% of its workforce (Update)
Navistar will cut 10% of its worldwide workforce even as it gained market share for the third consecutive year.
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Equipment
As truck engine displacements shrink, power and fuel efficiency grow
The power and fuel efficiency of truck engines continue to rise as their size and weight shrink.
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News
Volvo Trucks will lay off 700 workers in January (Update)
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…
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Business
Glut of used trucks creates buyer’s market (Update)
The number of used Class 8 trucks for sale continues to grow as new equipment deliveries drain the backlog created during a 2018 order binge.
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Energy
Nikola, BYD team up on emissions-free beer run
Hydrogen fuel cell electric truck maker Nikola Motor and Chinese battery-electric truck maker BYD teamed up to make an emissions-free beer delivery to the arena…
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OEM
Volvo, Western Star recall trucks for steering issues
Volvo Trucks North America and the Western Star brand of Daimler Trucks North America will recall nearly 3,700 trucks between them for separate steering-related issues…
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News
Cervus falls victim to softness in equipment markets
Demand headwinds for agricultural and transportation equipment were the factors behind Cervus Equipment’s operating loss in the third quarter of 2019.
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