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.
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.
A recent big corporate writedown in the oil and gas sector was a big deal. But in this week’s Drilling Deep podcast, host John Kingston discusses that maybe it isn’t quite as big a deal as some people were making it out to be. And then we’ll shift gears and talk about one aspect of […]
Rush Enterprises Inc., the largest dealer network of commercial vehicles in North America, reported lower earnings and higher sales in the third quarter. But the company warned that a glut of used trucks is causing faster-than-normal depreciation and is hurting sales.
Class 8 truck orders fell again in August as fleets stayed on the sidelines while taking delivery of a record number of heavy-duty trucks ordered in 2018.
Views of the market from the ACT Research seminar
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 trucking industry’s technical recession is causing real-world impacts to the used truck market, where sales continue to fall and even sought-after low-mileage rigs are under pressure. Preliminary used Class 8 same dealer sales fell 8 percent in June compared with May, according to ACT Research. Used truck sales were down 25 percent compared with […]
FreightWaves CEO Craig Fuller assesses current conditions impacting trucking and outlines what is ahead for the industry.
Capacity is still being added to the market. Truck orders numbers for both new and used models support this.
The average price of a Class 8 used truck sold in February was $48,173, nearly 15 percent higher than the same month a year ago when trucks were selling for $41,995, according to ACT Research.
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 number of trucks sold at auction climbed notably in September, and pricing trended lower. Model year 2015 trucks took a particularly hard hit thanks to higher volume and higher average mileage.
J.D. Power is forecasting more new truck deliveries in the coming months, but demand is still expected to outpace supply into the second quarter of 2019.
Cashflow Corner presented by TriumphPay …There may never be a better time to replace your current truck, and while It may not be a new one, a low mileage, high-quality used truck could also provide a big tax benefit.
Used truck prices in June were changed little month-over-month, but posted a 15% increase over June 2017, according to ACT Research.
Rush Enterprises posted an increase in second-quarter revenue buoyed by strong used-truck sales and significant growth in its aftermarket business, which accounts for 64.8% of the company’s gross profits.
Covering 14 acres, TEC Equipment’s new Mack/Volvo dealership in Fontana, CA, is designed to improve customer service and features many driver amenities.
The story is clear: sales of all U.S. trucks has trended up for most of the year, new and used.
The volume of used trucks going to auction continued to be lower than expected in May due to heightened demand.
Prices for used vehicles are expected by the company to stay flat for the remainder of the year.
Cashflow Corner presented by TriumphPay …Large fleets are benefited for years from fuel and maintenance discounts. Now, smaller fleets and owner-operators are starting to reap some of those same benefits.
Orders for new Class 8 trucks are surging, but used truck prices and workforce growth are weak, suggesting that overall trucking capacity is staying flat.
Strong sales of new trucks is expected to keep used truck supplies rising.
Used Class 8 truck prices increased 2% year-over-year in January, but fell 3% over December 2017, according to latest data from ACT Research.
A weak-to-flat market for used trucks is causing Ryder some headaches.
According to a survey of participants on a recent FTR webinar, only 11% of the people believe the ELD impact has been severe. A full 52% say the impact has been moderate while 34% say it is minimal. Three percent don’t believe it’s had any effect.”
Used-truck sales volumes continued their upward trend in October, but the industry is still facing an oversupply of vehicles, according to ACT Research. Class 8 same dealer used truck sales increased 12% month-over-month and 37% over October 2016, the firm said.
Class 8 same dealer used truck sales volumes rose by two dozen units in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
Used-truck prices are down slightly this year and some fleets looking to trade in their vehicles may be finding the residual value they expected to get when they acquired these trucks in 2013/14 are just not there right now.
At a cost of $4 billion, the new Tappan Zee Bridge has officially opened in New York City. Technically, one span of the bridge – four lanes open to westbound traffic – opens tonight with the second span scheduled to open in the spring.
Just days after the U.S. Department of Transportation announced it would no longer seek a federal rule to test train and truck operators for sleep apnea, Sen. Minority Leader Chuck Schumer (D-NY) blasted the agency and demanded it reconsider the rule.
While many fleets simply trade in their older equipment for newer equipment and forget about it, the value of used trucks can influence how many new trucks you can buy. That’s why paying attention to the used market can be a good financial strategy for determining trade cycles.
