used truck prices

New Class 8 truck deliveries have fallen for four consecutive months even as vocational equipment sales rise.

The evidence is far from overwhelming, but the worst of the price depreciation for used trucks may be over.

With 2024 orderboards open, Class 8 truck orders hit their highest level of the year in September and suggest fleet optimism.

Negotiations between the Teamsters union and Yellow Corp. remain ongoing, with the fate of the nation’s third-largest LTL carrier hanging in the balance. Yellow is facing stiff resistance from the Teamsters over proposed operational changes that would consolidate operations between purchased regional carriers New Penn and Holland and integrate them into Yellow’s nationwide network.

Unprecedented high prices for used trucks a year ago have plummeted as new truck production moved past supply shortages.

Rush Enterprises will curb its enthusiasm for stocking additional inventory of used trucks until prices begin to rise again.

Ryder’s 2023 profitability forecast assumes lower numbers due to falling used truck prices.

Josh Smith, vice president at Variant and over-the-road operations at U.S. Xpress, spoke to FreightWaves about the Variant program and how technology and operations are vital to success in trucking.

After months of downward moves, used truck prices ended the year closer to pre-pandemic levels than anytime since COVID hit.

On Tuesday, FreightWaves interviewed Josh Bouk, president of Trax Technologies, about the recent Securities and Exchange Commission rule-making recommendation back in March 2022 regarding scope 3 emissions. Scope 3 is a part of a larger greenhouse gas emissions overhaul by the SEC, the intent being for companies to disclose their impact on the environment.

Drivers who paid top dollar for a used truck in the past year are probably kicking themselves, if not just taking the hit and walking away.

As supply chain logjams lessen, improving new truck production levels put downward pressure on used truck prices.

When the floor on auction prices of used trucks is reached late this year, they will still be 20% higher than pre-COVID prices.

Used trucks commanded lower prices at auction and retail in July as the overheated equipment market continued to cool.

The Port of Oakland in California is experiencing a work stoppage and limited access to the container terminals as truckers escalate their protests against the state’s AB5 law.

Auction prices for used trucks are dropping as more equipment shows up amid cooling spot freight demand.

Used truck auction prices started to ease in April as freight demand slowed, but they remain more than twice as expensive as a year ago.

The unrelenting rise of used truck prices in auctions and at retail appears to be immune even to the threat of an economic slowdown.

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

Class 8 equipment orders are impacted by customer cancellations and OEMs bound by the turning of calendar pages.

Used truck prices continued to rise as 2021 ended with a short supply of late-model used trucks the main culprit, but there were other reasons too.

Drivers and fleets can get loans to pay sky-high prices for used trucks because spot rates let them earn more than enough to repay.

House Transportation Committee hearing on truck driver shortages In remarks to the House Committee on Transportation and Infrastructure, MIT Professor David Correll recently outlined yearslong research conducted by the MIT […]

Trucking companies received an unexpected boost to their income statements in 2020 but inflation clouds loom.

Used truck prices continued to hit new highs each of the last six months according to ACT Research. Prices will eventually become too much of a burden for small fleets and owner-operators to bear, if they haven’t already.

California’s AB5 law and it’s impact on owner-operators. E-commerce warehouse solutions, and when will used truck prices decrease.

The numbers that the company is getting on its used tractor and truck sales is outpacing the assumptions in last year’s big inventory writedown

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.

Slowdowns in deliveries of new trucks are driving prices of newer used trucks up in the double digits both at dealerships and in auctions.

In today’s edition of The Daily Dash, congestion and gate restrictions from rail partners hampered J.B. Hunt’s intermodal growth in Q4. Plus, stopping a ransomware attack is not as simple as it sounds, and business-to-business activity is booming.

Pulled along by improving orders for new Class 8 trucks, demand for late-model heavy-duty used trucks continues to swell.

Prices are firming and demand is rising for used trucks after more than a year of doldrums mirroring a slowdown in new truck orders.

Rush Enterprises barely felt the impact of the coronavirus pandemic in its new and used truck business in the first quarter, but it is bracing for a much harder hit to come.

Knight-Swift’s better than expected quarter yields to further uncertainty as the year progresses.

Heartland Express’ better than expected result was diminished by the lack of gains on equipment sales.

Market Expert Mike Baudendistel looks at the prospects for the truck original equipment manufacturers in 2020.

Tender rejections: Looking into the week, we expect the capacity to continue to loosen as volumes remain at midwinter levels. Occasional surges in demand are not unheard of in February, […]

Diesel fuel price outlook The rack-to-retail spread has widened to more than $1.10/gallon, creating an unearned windfall for trucking carriers. Diesel markets have been sliding in part on an overall […]

New fleet growth is slowing while used truck prices collapse. Is this the first sign of contracting trucking capacity?

Fleet failures and bankruptcies contributed to a 14% decline in prices in 2019.

Daimler Trucks is executing structural changes around the world because of sliding sales.

It is sort of a hostage situation. New truck orders are stalled until used truck prices go higher.

Chart of the Week: 3-Year-Old Used Truck Prices – USA, Cass Freight Shipments Index – USA SONAR: UT3.USA, CFIS.USA At this point the news and story of Celadon, the largest truckload failure […]

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.

Ryder expects used truck prices to continue deteriorating in 2020.

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.

Used truck sales continue to fall but for the first time since January 2018, so are the prices asked for them.

Smaller carriers are snatching up the big carrier’s excess truck supply, even in a softer year. The reason is not obvious.

Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive their very own Class 8 vehicle off the […]

The average price of a Class 8 used truck sold in June was $48,800, up 6 percent compared to June 2018, according to the latest report by ACT Research.

FreightWaves CEO Craig Fuller assesses current conditions impacting trucking and outlines what is ahead for the industry.

Used truck pricing and volumes posted big gains in 2018 as a combination of factors, including a booming economy and limited availability of new trucks played a role.

The numbers year-on-year are still way up, but there’s been a definite sign of some slowdown.

On today’s episode, George Abernathy, Zach Strickland, and Dean Croke discuss current operating ratios and their impact on used truck prices.

There are projections by the company of a leveling but it’s not imminent.

Also in today’s issue: a beating shows the dangers to truckers, even off the road; an Indian company looks to disrupt that company’s trucking sector.

Werner Enterprises (NASDAQ: WERN) presented a market update at Morgan Stanley’s 6th annual Laguna conference on September 12, where John J. Steele made his predictions for the upcoming peak season and addressed issues and solutions related to the capacity crunch, e-commerce, and the potential impacts of Hurricane Florence on the market.

With OEM deliveries of new trucks restrained, it means that used truck sale prices are holding up.

The story is clear: sales of all U.S. trucks has trended up for most of the year, new and used.

Used truck prices are up sharply; C.H. Robinson isn’t worried about tech startups; CSX cuts costs and grows bottom line by 50%; Hapag-Lloyd bullish despite losses; CA makes pot shippers report to the Feds; the American economy isn’t overheating… yet.

Prices for used vehicles are expected by the company to stay flat for the remainder of the year.

Used truck prices strengthen; trailer orders go crazy; Arizona suspends Uber self-driving; Canadian National trades at 52-week lows; aftermath of Harvey still affects Houston tanker traffic; Philadelphia freight market is heating up.