PACCAR

There aren’t too many signs of a slowdown in the class 8 order book, company officials said.

New truck and trailer purchases currently include a 12 percent federal excise tax, adding tens of thousands of dollars to the purchase price. A new coalition is looking to lobby for the repeal of the tax.

Technology proponents see automation as aid to driver, not replacement, in short-term as challenges persist for driverless truck.

A company that once had problem after problem is turning things around on the back of the strong market for class 8 trucks.

Peterbilt Motor Company has added two additional ratings to its MX-13 engine family for the 2019 model year, both aimed at increasing uptime and improving fuel economy for truck owners.

Revenue forecasts were reached only because of a one-time tax event. But by almost any other standard, it was a strong quarter.

From on-demand trucking to blockchain, loadboards and freight matching, the list of companies bringing innovative technologies to the freight industry is growing by the day, which makes the 100 that have made the cut to be honored by the FreightWaves Research Institute as part of its inaugural Freight.Tech 100 all the more special.

Project financing could lead to commercial testing of vehicles by 2020.

Fleets ordered 41,800 new trucks in the month of June, making last month the busiest June on record. OEM stock prices rose on the news, and their order backlogs continued to lengthen.

The Federal Motor Carrier Safety Administration (FMCSA) has granted a waiver to the Truck Renting and Leasing Association (TRALA) that will exempt all commercial rental vehicles from the electronic logging device (ELD) rule for drivers using a “property carrying commercial motor vehicles (CMVs) rented for 8 days or less.”

Paccar reported strong earnings yesterday, in particular growing its parts revenue 8.8% year-over-year for the second quarter, showing the power of aftermarket support.

While many fleets simply trade in their older equipment for newer equipment and forget about it, the value of used trucks can influence how many new trucks you can buy. That’s why paying attention to the used market can be a good financial strategy for determining trade cycles.