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.
