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 in history has been covered extensively in the media. The 3,000+ trucking company was by far the largest to shut down in what has been […]
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 lot. However, these commercial machines are not cheap nor is it an easy task to keep up. Whether you are planning to start or expand […]
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.
