Class 8 truck orders placed this year for 2022 models are being retimed to next year as 2023 models because parts shortages are preventing production.
Showing average annual fuel use (per vehicle) for major vehicle categories in the United States
Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.
“There are significant inventories of already produced vehicles where essential parts are lacking.”
Trailer makers have connectivity advancements in the pipeline as they navigate supply shortages hampering production.
Striking Volvo workers voted down a third tentative agreement, prompting the exasperated truck manufacturer to “consider all options.”
A double whammy of few new trucks and fleets wanting upgraded equipment in a booming freight market is driving prices to a post-Great Recession peak.
Three years after winning an exemption to use cameras instead of ungainly outside mirrors on semi-trucks, Stoneridge Inc. is winning over fleets.
Truck repairs and parts sales covered all the cost of running Rush Enterprises’ dealership network in Q1 as year-over-year profits doubled.
There continue to be concerns about when these new orders will be prepared, as many truck manufacturers continue to deal with semiconductor shortages.
Waymo is leveraging software lessons from its autonomous ride-hailing pilots to Class 8 trucks, applying fifth-generation software that debuted on a Jaguar.
Nikola has less need for partners for its hydrogen fueling stations now that it has a sweet price for electricity in Arizona.
Old-school aerodynamics technologies such as TruckWings can contribute to economic and environmental sustainability.
The continuing impact from COVID impacts results but the Kenworth, Peterbilt and DAF parent company still turns in positive numbers.
Dana Inc. spotted the trend toward zero-emission commercial vehicles four years ago when China offered incentives for battery-powered buses. That led the Tier 1 supplier to start buying and partnering with companies to build an all-in approach to electrification.
Hino Motors has suspended production until late 2021 because its engines don’t meet greenhouse gas emission standards.
Rush Enterprises reported lower Q3 sales and earnings. But the truck dealership network exceeded analyst estimates in both top and bottom line.
Startup Xos originally sold itself as a Class 8 electric truck chassis maker. After pivoting to middle-mile medium-duties when they looked like the sweet spot, Xos is back to the larger trucks with a contract from Hino Trucks.
Market share grew at Daimler Trucks North America and PACCAR even as Q2 sales sank under the weight of the COVID-19 pandemic.
