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.
