used truck prices
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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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Equipment
Sliding sales prompt restructuring at Daimler Trucks
Daimler Trucks is executing structural changes around the world because of sliding sales.
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Equipment
It’s a buyers’ market as used truck glut stalls new orders
It is sort of a hostage situation. New truck orders are stalled until used truck prices go higher.
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Chart of the Week
Celadon shutdown was a product of two freight recessions
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…
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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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Company earnings
Ryder grows revenue but records loss on lower used truck prices
Ryder expects used truck prices to continue deteriorating in 2020.
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Business
Trade uncertainty stunts Class 8 truck orders
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…
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Equipment
Used truck prices drop for first time since January 2018
Used truck sales continue to fall but for the first time since January 2018, so are the prices asked for them.
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Chart of the Week
Small carriers expanding fleets as large carriers reduce tractor counts
Smaller carriers are snatching up the big carrier's excess truck supply, even in a softer year. The reason is not obvious.
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