Rush Enterprises experienced softer Class 8 aftermarket revenue at its dealership network, but it had other business to replace it in Q3.
Quarter after quarter, Paccar Inc. points to parts sales as driving its revenue and profits. Rush Enterprises deserves some of the credit.
Used truck prices helped Ryder in comparison to last year, but the market is weak going forward.
Finding a used truck in an overheated market is hard, but personal connections can be an answer, whether it’s the local plumber or the chamber of commerce.
Also on the podcast: What the release of oil from the Strategic Petroleum Reserve means.
A little more than a year ago, Ryder was dealing with too many used vehicles to sell. It is well past that now.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the trucking ecosystem.
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.
Iron Truck Services aims to give smaller fleets affordable access to services such as insurance, equipment maintenance, fuel purchasing, truck sales and rentals.
Ryder is a major supplier of used trucks to the market, and its numbers showed a healthy second sales demand in the quarter.
Truck repairs and parts sales covered all the cost of running Rush Enterprises’ dealership network in Q1 as year-over-year profits doubled.
One of the results of the 2017-18 freight market boom was an increase in the cost of operating that held over into a slower 2019 when capacity became abundant. Costs are on the rise once again as carriers struggle to find drivers to capture market share.
Ryder is a major seller of used trucks. So it was notable that in its quarterly earnings report, it said the amount of money it was getting from the sale of used trucks was better than its estimates and that the market had been a pleasant surprise. To talk about the market for used trucks, […]
In today’s edition of The Daily Dash, volumes and rates take a step back; complete coverage of FreightWaves’ Cold Chain Summit; and CDL fraud.
To read the full article, click here.
Ashley Hammonds of Reliance Partners cautions that buying a cheap older truck may have an inverse effect on insurance rates.
Market Expert Mike Baudendistel looks at the prospects for the truck original equipment manufacturers in 2020.
After consecutive years of record numbers, equipment orders have fallen to replacement cycle levels, making it feel like the industry has fallen off a cliff.
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 decline in oil since the start of the year, but retail is slow to follow. Diesel itself has fallen farther than crude, primarily on fears […]
New Class 8 truck orders dipped to their lowest level in a decade in 2019, payback for an ordering frenzy a year earlier.
