Ten Four Truck Insurance, a leading provider of insurance solutions for the trucking industry, promoted Chris Johnstone to Director of Partnerships. With an extensive background in business development and strategic alliances, Johnstone will be...
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December 05, 2024, 06:55 AM
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November preliminary North America Class 8 net orders were 37,200 units, up 21% m/m. Complete industry data for November, including final order numbers, will be published by ACT Research in mid-December.“We are still in the early stages of the...
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December 05, 2024, 06:20 AM
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The latest release of ACT’s For-Hire Trucking Index suggests growth is making its way into the for-hire market.
The Volume Index decreased 5.0 points in September to 49.5, seasonally adjusted, from 54.5 in August.
Carter Vieth, Research Associate...
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October 31, 2024, 06:40 AM
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September net trailer orders, at 12,200 units, closed Q3’s net order intake at 27,000 units. This brings ytd net order activity to 101.6k units, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.“Build...
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October 25, 2024, 06:17 AM
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September U.S. trailer net orders rose by 75% month-over-month (m/m) from a low base to 11,532 units but were down 63% year-over-year (y/y). Net orders were the lowest for a September since 2016. Despite the opening of 2025 order boards, the...
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October 24, 2024, 06:40 AM
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 2.1% in September after rising 1.7% in August. In September, the index equaled 113.2 (2015=100) compared with 115.6 in August.“After increasing a...
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October 24, 2024, 05:44 AM
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ACT Research this week reported a strong kick off to the order season for Final North American Class 8 orders in September. Orders totaled 37,100 last month, and while the top line was respectable, the underlying numbers point to a divided market...
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October 22, 2024, 06:22 AM
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According to ACT Research, preliminary net trailer orders rose about 4,400 units from August to September, but at 12,100 units, were lower compared to last September, down 61% y/y. Seasonal adjustment (SA) at this point in the annual order cycle...
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October 21, 2024, 06:36 AM
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The US Class 8 market remains bifurcated, with continued overcapacity leading to generationally weak for-hire tractor fundamentals and stimulus/industrial policy supporting vocational equipment demand, as published in the latest release of the North...
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October 15, 2024, 06:36 AM
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September preliminary North America Class 8 net orders were 37,100 units, doubling last month’s intake and up 0.3% y/y. Complete industry data for September, including final order numbers, will be published by ACT Research in mid-October.“Class 8...
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October 03, 2024, 07:06 AM
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According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price built on July’s progress in August, climbing 4.6% m/m to $58,350.Used Cl8 Retail Summary Heat Map August 2024...
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October 01, 2024, 06:18 AM
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August net trailer orders, at 7,700 units, were nearly 40% lower y/y, but 500 units above July’s intake. This brings ytd August net order activity to 89.4k units, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers...
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September 24, 2024, 07:07 AM
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Final North American Class 8 net orders totaled 16,249 units in August, down 14% y/y. The weakness was concentrated in vocational units, where interest rate-sensitive residential spending continues to underperform and strong construction trends wane...
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September 20, 2024, 07:00 AM
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Following a better-than-expected July, it comes as no surprise that August’s preliminary Class 8 same dealer used truck retail sales volume growth (+1.7%) lagged expectations, according to the latest preliminary release of the State of the Industry:...
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September 17, 2024, 07:04 AM
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With August order and build volumes pushing backlogs to their annual nadir (and multi-year lows), “order season” has not been so important since the fall of 2016, according to ACT Research. Excessive inventories cloud both the front and back ends of...
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September 13, 2024, 07:00 AM
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August preliminary North America Class 8 net orders were 16,400 units, up m/m but down 16% y/y. Complete industry data for August, including final order numbers, will be published by ACT Research in mid-September.“Class 8 orders remained at...
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September 06, 2024, 06:17 AM
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According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price made good progress in July, rising 2.3% m/m, to $55,800.“On a y/y basis, prices were 14% lower. Prices are...
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August 30, 2024, 07:00 AM
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Private fleet capacity additions, inbound insourcing, and increased spot market presence have dragged out the for-hire freight downturn for at least a year, according to the latest release of the Freight Forecast: U.S. Rate and Volume OUTLOOK...
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August 28, 2024, 06:22 AM
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Despite ongoing volatility in the trucking industry, the U.S. continues to rely heavily on trucking to transport the vast majority of its freight. Trucking will represent 73 percent of total freight tonnage and 79 percent of the revenue of the entire...
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July 23, 2024, 07:25 AM
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Preliminary Class 8 same dealer used truck retail sales volumes increased 15% m/m in February, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.According to Steve Tam...
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March 15, 2024, 07:06 AM
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While trucking demand remains soft overall, rising imports and intermodal trends are key leading indicators of a recovery in trucking this year, according to the latest release of the Freight Forecast, U.S. Rate and Volume OUTLOOK report. Recovering...
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March 01, 2024, 07:00 AM
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ACT Research’s semi-annual seminar in February hosted industry leaders such as Bill Kretsinger, Chairman and CEO at American Central Transport, Joe Vitiritto, President and CEO at PAM Transport, and Marshall Franklin, CEO and CFO at Highway Transport...
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February 29, 2024, 07:05 AM
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Garrington Capital closed a $1.2 million senior secured term loan to the U.S. subsidiary of a multi-national manufacturer of spare parts for heavy-duty commercial vehicles.
The loan helped the borrower complete the build-out of new warehouses in the...
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January 11, 2024, 07:00 AM
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Baltimore Potomac Truck Centers announced the acquisition of TMI Truck & Equipment, which consists of two dealerships in Chesapeake and Norfolk, VA.Baltimore Potomac Truck Centers now operates seven full-service commercial truck dealership locations...
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December 27, 2023, 07:05 AM
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The used heavy-duty truck and semitrailer markets have undergone a correction in 2023 in response to the extreme supply-demand imbalance that emerged in 2022. According to new market reports from Sandhills Global, inventory levels of used heavy-duty...
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December 07, 2023, 07:20 AM
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As published in the latest release of the North American Commercial Vehicle OUTLOOK, expectations for Class 8 and trailers are lowered as the recovery in freight markets remains elusive.“Within the broader Class 8 and trailer markets, US Class 8...
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October 12, 2023, 07:10 AM
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Navistar Financial relaunched retail capabilities to serve International truck and IC Bus customers. A captive financial services provider for Navistar, Inc., Navistar Financial provides customers with tailor-made, competitive loan and lease...
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October 05, 2023, 07:58 AM
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September preliminary NA Class 8 net orders were 36,800 units, up 67% m/m, reflecting the strongest order month in the past year. Classes 5-7 net orders were more trend-like, rising 13% m/m to 23,100 units. Complete industry data for September...
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October 04, 2023, 06:13 AM
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According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail sales rebounded strongly, as expected, from July’s misstep, advancing 12% m/m in August. Average mileage decreased 1%, while...
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September 29, 2023, 07:05 AM
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Penske Truck Leasing opened a new, state-of-the-art facility in Channahon, Illinois. At this location, Penske offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance. It is also outfitted with the...
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September 29, 2023, 06:05 AM
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The latest release of ACT’s For-Hire Trucking Index suggests an approaching turning point in the freight cycle, but perhaps not as quickly as for-hire fleets would prefer.ACT For-Hire Trucking Index Supply-Demand Balance August 2023The Supply-Demand...
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September 28, 2023, 07:00 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.2% in August after rising 1.1% in July. “The evidence is growing that tonnage hit bottom in April and continues its slow climb upwards,” said...
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September 25, 2023, 05:00 AM
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Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for the Company’s planned...
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August 07, 2023, 07:20 AM
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Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, has designed a flexible financing solution to a growing transportation solutions provider to expand its...
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May 31, 2023, 07:18 AM
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Ryder System, Inc., a company in supply chain, dedicated transportation and fleet management solutions, announced two leaders at Ryder are being recognized as part of the “Top Women to Watch in Transportation” list in 2023 by the Women in Trucking...
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March 16, 2023, 07:10 AM
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Financial industry veterans Lee Palm, Brian Shapiro and Phil Mulder have joined Northwest Bank to lead the bank's new Commercial Finance Group that will focus on business aviation, long-haul (OTR) trucking, inland/offshore marine financing and...
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February 10, 2023, 07:25 AM
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Fleet Advantage announced its Chief Executive Officer John Flynn, a 40-year veteran of the trucking and transportation industries, has retired. Brian Holland, President and Chief Financial Officer has been named as the next CEO, as part of a...
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January 05, 2023, 07:22 AM
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Specialty finance company Mitsubishi HC Capital America and ACT Research announced they are partnering on a four-part weekly video series, “A Conversation with ACT Research,” designed for commercial truck dealers, upfitters and end-users. Each of the...
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November 30, 2022, 07:20 AM
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The American Transportation Research Institute, the trucking industry's not-for-profit research organization, released its 18th annual Top Industry Issues report, identifying the leading industry concerns including fuel prices, the driver shortage...
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October 27, 2022, 07:00 AM
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According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard dropped in August to a -3 reading, the fifth moderately downbeat reading in six months.“Dashboard readings to date suggest a more...
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October 25, 2022, 07:05 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed volume and productivity up, with the Supply-Demand Balance in July rising as the increase in volumes outweighed the increase in capacity.Tim Denoyer, Vice President & Senior Analyst...
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August 23, 2022, 07:00 AM
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For the first five months of 2022, U.S. and Canadian Class 8 natural gas truck retail sales rose 11 percent year-to-date against comparisons of the same time period in 2021, as published in the quarterly report (AFQ: Alternative Fuels Quarterly)...
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August 08, 2022, 07:02 AM
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Preliminary NA Class 8 net orders in July were 11,400 units, while NA Classes 5-7 net orders were 13,500 units. Complete industry data for July, including final order numbers, will be published by ACT Research in mid-August.“Do we think July’s weak...
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August 03, 2022, 07:00 AM
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TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, continued to see momentum and growth with another record-breaking quarter that included a 30 percent increase in amount funded from the year’s...
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August 01, 2022, 07:20 AM
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Penske Truck Leasing has opened a new, state-of-the-art facility in Monroe, OH. This new facility expands Penske’s capability to support this growing Ohio market and allows increased aid to the large territory between its Sharonville and Dayton sites...
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August 01, 2022, 07:10 AM
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Mitsubishi HC Capital America’s Work Truck Finance division reached a monumental milestone this week when it reached $1 billion in originations. The company reached this impressive achievement with record volume of $112 million in the quarter ending...
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July 28, 2022, 07:30 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) were 1% higher month-over-month. Longer term, volumes dropped 44% y/y and were 34%...
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July 27, 2022, 07:05 AM
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ACT Research’s State of the Industry: U.S. Trailers report provides a monthly review of the current US trailer market statistics, as well as trailer OEM build plans and market indicators divided by all major trailer types, including backlogs, build...
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July 25, 2022, 06:54 AM
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Preliminary NA Class 8 net orders in June were 15,500 units, while NA Classes 5-7 net orders were 17,800 units. Complete industry data for June, including final order numbers, will be published by ACT Research in mid-July.“Seasonal adjustment lifts...
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July 06, 2022, 07:05 AM
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According to the latest Sandhills Global Market Reports, May marked the third consecutive month of inventory increases for used heavy-duty trucks and semi-trailers in Sandhills marketplaces. From April to May, heavy-duty truck inventory was up 17...
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June 06, 2022, 07:05 AM
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According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, the deterioration of some freight-related metrics that began in March continued through April and into early May.Eric Crawford, ACT Research’s Vice President and Senior...
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May 19, 2022, 07:00 AM
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Truck tractor prices up 58% YOY in the U.S. according to Ritchie Bros. April Market Trends Report
With its April Market Trends Report, Ritchie Bros. continues to show year-over-year price inflation for all major equipment categories. This month's...
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April 22, 2022, 07:27 AM
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Preliminary NA Class 8 net orders in February were 21,000 units, while NA Classes 5-7 net orders rose to 18,300 units, according to ACT Research. “Constrained production capabilities and long backlogs continue to impede new order activity. Based on...
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March 04, 2022, 07:00 AM
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ACT Research began its 66th Seminar with a panel discussion about the current state and future of U.S. economics. Panelists included Bryan Bezold, Senior Economist at Ford; as well as ACT’s Principal, Industry Analyst, Jim Meil; and Chief Economist...
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March 01, 2022, 07:03 AM
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Fleet Advantage announced Don Davis, Senior Vice President, National Accounts, has been named one of Food Logistics’ 2022 Rock Stars of the Supply Chain. The award recognizes influential individuals in the cold food industry whose achievements, hard...
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February 16, 2022, 07:18 AM
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December net U.S. trailer orders of 26,382 units decreased nearly 18 percent from the previous month and were nearly 41 percent lower than December 2020. Before accounting for cancellations, new orders of 28,500 units were down about 16 percent...
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January 26, 2022, 07:00 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, there has not been much change in trajectory of macro datapoints that are influencing commercial vehicle demand. Except for the asterisk that is the COVID Delta...
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September 21, 2021, 07:00 AM
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Ryder System, Inc. and Embark Trucks, Inc., a developer of autonomous technology for the trucking industry, announced a partnership aimed at launching a nationwide network of up to 100 Embark transfer points, where Ryder will provide yard operations...
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September 17, 2021, 07:20 AM
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Ford Pro, a separate global vehicle services and distribution business within Ford, announced a group of senior executives to lead the company’s efforts to develop and deliver work-ready products and services for commercial and government...
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September 15, 2021, 07:03 AM
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Fleet Advantage announced results of its latest fleet industry benchmarking survey showing how trends in fuel economy, maintenance, environmental concerns and procurement strategies have changed since last year. Procurement Strategies & Lease...
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September 09, 2021, 07:13 AM
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Preliminary NA Class 8 net orders in August were 36,900 units, while NA Classes 5-7 net orders jumped to 31,900 units, both representing five-month high readings. Complete industry data for August, to include final order numbers, will be published by...
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September 03, 2021, 07:00 AM
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According to ACT Research’s recently released Transportation Digest, the metrics ACT Research is tracking underscore how robust current market conditions are, but also hint at COVID and other vulnerabilities.The report, which combines proprietary ACT...
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August 20, 2021, 06:48 AM
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July net U.S. trailer orders of 8,128 units fell nearly 26% from the previous month, and were almost 58% lower compared to July of 2020. Before accounting for cancellations, new orders of 9.5k units were down more than 27% versus June, and 53% lower...
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August 19, 2021, 06:02 AM
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Preliminary used Class 8 volumes (same dealer sales) dropped 3% month-over-month and 19% y/y in July. Through the first seven months of the year, activity is 13% higher compared to the same period a year ago, according to the latest preliminary...
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August 17, 2021, 06:00 AM
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According to this quarter’s issue of ACT Research’s Trailer Components Report, trailer manufacturers continue to seek increased production rates, but are struggling to achieve that goal.ACT Research’s U.S. New Trailer Components and Materials...
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August 16, 2021, 07:00 AM
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CIT Group Inc. announced its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC.Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, TX, primarily occupied by...
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July 22, 2021, 07:17 AM
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Preliminary NA Class 8 net orders in June were 25,700 units, up 11 percent from May, and a still robust 61 percent higher than June of 2020’s COVID-impacted intake. NA Classes 5-7, with orders at 22,800 units, slipped 12 percent from May, according...
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July 06, 2021, 07:00 AM
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With an immediate cash flow concern on the line for an industry-best provider of transportation and trucking solutions, Onset Financial was able to quickly fund $30 million in tractors and over-the-road equipment for it. Onset’s ability to meet the...
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June 29, 2021, 07:18 AM
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CAI International entered into a definitive agreement to be acquired by Mitsubishi HC Capital (“MHC”). Under the terms of the merger agreement with MHC (the “Merger Agreement”), MHC will acquire all of CAI’s outstanding and fully diluted common stock...
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June 18, 2021, 07:00 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, data through the first two weeks of June suggest that North America is at or very near the top of the freight rate expansion, which has been setting new highs on...
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June 17, 2021, 05:38 AM
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Preliminary used Class 8 volumes (same dealer sales) dropped 14% month-over-month, but rose 46% y/y in May. Through the first five months of the year, activity is 32% higher compared to the same period a year ago, according to the latest preliminary...
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June 16, 2021, 05:26 AM
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Maxim Commercial Capital announced strong demand during the first quarter of 2021. Its Structured Finance program proved popular during the period, with business owners leveraging their equity in real estate and owned heavy equipment to fund working...
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April 22, 2021, 07:17 AM
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According to ACT Research’s recently released Transportation Digest, 2020 wasn’t all bad for truck transportation and the heavy-duty market. It wasn’t even half bad. It was one quarter bad.“The shock and magnitude of the second quarter economic...
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January 27, 2021, 07:00 AM
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Verdant Commercial Capital, LLC executed a multi-year Vendor Program Agreement with KION North America Corporation. The agreement provides retail financing for KION North America’s Linde and Baoli forklifts in the United States. The go-to-market name...
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December 08, 2020, 07:22 AM
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Preliminary NA Class 8 net orders in November were 51,900 units, up 33 percent from October and a 197 percent improvement from year-ago November. NA Classes 5-7 demand continued in-line with recent activity, at 27,200 units. That order volume...
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December 03, 2020, 06:59 AM
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Penske Logistics announced it has reached an agreement to acquire Chicago-based trucking company Black Horse Carriers, Inc. Financial terms were not disclosed.“The Penske organization has had a longstanding and valued relationship with Black Horse...
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December 01, 2020, 07:05 AM
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Preliminary used Class 8 volumes (same dealer sales) dropped 10 percent month-over-month in October, but are 10 percent higher year-to-date compared to the first 10 months of 2019, according to the latest preliminary release of the State of the...
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November 18, 2020, 07:02 AM
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Preliminary NA Class 8 net orders in October were 38,900 units, up 27 percent from September and a 78 percent improvement from year-ago October. NA Classes 5-7 demand jumped to a 10-quarter high (March 2018) in October, to 29,300 units. That order...
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November 04, 2020, 07:00 AM
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Fleet Advantage announced it has secured an additional volume of $7.5 million in new business through its pioneering Sale-Leaseback program. The additional volume follows an initial $17 million generated shortly after the program’s launch in...
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October 29, 2020, 07:12 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, there are any number of concerns regarding the economy in coming months, but one thing that definitely can be crossed off the worry list is commercial vehicle...
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October 20, 2020, 07:12 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, the US economy is recovering from the early-year pandemic-driven shutdowns, but on a K-shaped trajectory, rather than the earlier speculated V, U or L-like paths....
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September 18, 2020, 07:00 AM
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ACT Research released the September installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “The nearly two-year freight recession is finally ending, but the...
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September 11, 2020, 07:05 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes were up 13 percent year-to-date against the first seven months of 2019, with average price...
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August 26, 2020, 07:07 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, the U.S. economy continued to post good numbers in July, including a 1.2 percent month-over-month increase in retail sales, indicating that consumers’ wallets...
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August 19, 2020, 07:05 AM
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Preliminary used Class 8 volumes (same dealer sales) grew 16 percent month-over-month in July, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Longer-term, volumes rose...
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August 14, 2020, 07:00 AM
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ACT Research released the August installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “A freight recovery amidst a driver shortage has driven an acutely...
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August 11, 2020, 07:10 AM
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Preliminary NA Class 8 net orders in July were 20,300 units, rising 27 percent from June, and up 98 percent from a very easy year-ago comparison. The NA Classes 5-7 market saw orders slip to 16,700 units, down 6 percent month-over-month and 3 percent...
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August 05, 2020, 07:15 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes were up 6% year-to-date against the first half of 2019, with average price, miles and age...
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July 30, 2020, 06:00 AM
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Only 8 Percent of Fleets Leveraging Full-Service Lease AgreementsFleet Advantage announced results of its latest fleet industry benchmarking survey showing the impact new safety technologies have had on transportation fleets, how many fleets are...
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July 29, 2020, 06:55 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that the impact of more people and politicians taking the threat of the virus more seriously is a choppy economic path forward.In recognition of the virus’ impact, ACT...
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July 28, 2020, 07:00 AM
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According to ACT Research’s recently released Transportation Digest, the tug of war between positive and negative influences on the business environment and trucking reached a pivotal juncture at the end of June, but escalation in new COVID cases...
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July 27, 2020, 07:13 AM
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Preliminary NA Class 8 net orders in June were 16,000 units, rising 139 percent from May, and up 23 percent from a very easy year-ago comparison, ACT Research reported. The NA Classes 5-7 market saw orders improve 77 percent month-over-month, despite...
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July 06, 2020, 07:20 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research found much more to like about the state of the economy today than was visible on month ago, now that the US re-opening is underway.In recognition of the virus’ impact, ACT Research...
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June 26, 2020, 07:24 AM
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Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced the Fleet Advantage Safety First Program, helping transportation fleets upgrade into newer trucks with advanced safety...
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June 24, 2020, 07:10 AM
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May net U.S. trailer orders of 3,107 units were a significant improvement from April, but net orders remain below May 2019’s level, down 71 percent. Before accounting for cancellations, new orders of 7,400 units were up 29 percent versus April...
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June 23, 2020, 07:20 AM
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Aim NationaLease, Airoldi Brothers NationaLease and Brown NationaLease acquired the assets of McCoy NationaLease.With more than 50 years of service in the local market, McCoy has longstanding relationships in the community and a well-founded...
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June 19, 2020, 07:20 AM
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Preliminary NA Class 8 net orders in May were 6,700 units, up 56 percent from April, but down 38 percent from a very easy year-ago comparison. Living up to its “steady” moniker, the NA Classes 5-7 market saw orders improve 5.3 percent...
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June 03, 2020, 07:05 AM
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Preliminary used Class 8 volumes (same dealer sales) contracted 8 percent month-over-month in 2020’s fourth month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research....
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May 14, 2020, 07:00 AM
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Preliminary NA Classes 5-7 net orders in April fell to 7,600 units, down 69 percent compared to year-ago April and 50 percent below the March order intake. Complete industry data for April, including final order numbers, will be published by ACT...
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May 07, 2020, 07:00 AM
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Preliminary NA Class 8 net orders in April fell to 4,100 units, down 46 percent from March and 72 percent lower than an easy year-ago comparison. Complete industry data for April, including final order numbers, will be published by ACT Research in...
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May 06, 2020, 07:20 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes dropped just 1 percent month-over-month in March, with longer-term sales rising 5 percent...
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April 28, 2020, 07:05 AM
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The latest release of ACT Research’s For-Hire Trucking Index, with March data, showed further contraction for both volumes and freight rates, now at 42.4 and 43.2 respective diffusion index readings. Productivity, while neutral at 50.0, likely was...
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April 22, 2020, 07:12 AM
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Maxim Commercial Capital announced it funded hard asset-secured financings for 250 small and mid-sized businesses (SMBs) during the first quarter of 2020. With the onset of the COVID-19 pandemic, Maxim adapted quickly to safer-at-home working...
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April 15, 2020, 07:20 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes improved 14 percent month-over-month in February, with longer-term sales rising 9 percent...
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March 30, 2020, 07:15 AM
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Preliminary used Class 8 volumes (same dealer sales) increased 21 percent month-over-month in 2020’s second month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research....
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March 24, 2020, 06:55 AM
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February net U.S. trailer orders of 12,700 units were down 15 percent month-over-month and 45 percent below the previous year. Before accounting for cancellations, new orders of 14,800 were down 12 percent versus January, according to this month’s...
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March 19, 2020, 07:15 AM
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Preliminary NA Class 8 net orders in February were 14,100 units, down 18 percent from January and 16 percent lower than an easy year-ago comparison. February’s Classes 5-7 net orders rose to an 11-month high 22,200 units, up 12 percent from January...
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March 04, 2020, 07:00 AM
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Ritchie Bros. announced it has been chosen to sell select trucks and trailers owned by Celadon Group. Celadon, which filed for Chapter 11 bankruptcy protection in December 2019, was one of the largest over-the-road trucking companies in North America...
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February 21, 2020, 07:15 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, Class 8 inventories rose 3,400 units month-over-month in January, as production outpaced expectedly weak sales.“With the rise in inventory and weak sales, the...
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February 19, 2020, 07:05 AM
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After softness in late Q3/early Q4, medium duty orders appear to have shown some resilience the past two months. In January, preliminary data show NA Classes 5-7 net orders at 18,500 units, down 9 percent from December and 20 percent year over year....
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February 07, 2020, 06:00 AM
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Preliminary NA Class 8 net orders in January were 17,700 units, down 12 percent from December 2019, but up 10 percent from last January. Complete industry data for January, including final order numbers, will be published by ACT Research in...
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February 05, 2020, 06:00 AM
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According to ACT Research’s recently released Transportation Digest, truckload contract rates turned negative in the third quarter of 2019, down 2 percent year-over-year, and loaded miles per tractor fell 5 percent in the same period....
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January 27, 2020, 06:50 AM
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American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 3.3 percent in all of 2019, about half the annual gain in 2018 (6.7 percent), for the tenth straight annual increase.The advanced SA For-Hire...
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January 24, 2020, 07:05 AM
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Maxim Commercial Capital announced it finished 2019 with the busiest December in the company’s 11-year history and funded 664 loans to small and mid-sized businesses (SMBs) during the year. Maxim lends $10,000 to $3 million secured by heavy...
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January 22, 2020, 07:15 AM
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ACT Research’s preliminary estimate for December 2019 indicates trailer manufacturers booked 17,200 net orders to their orderboards last month, a 13 percent decline from November volume. Activity was 37 percent below last December. For the full year...
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January 15, 2020, 07:18 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, over the past decade, the EPA shifted its focus from the tailpipe to fuel economy. On Jan. 6, the EPA released an Advanced Notice of Proposed Rulemaking...
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January 13, 2020, 07:10 AM
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Preliminary NA Class 8 net orders in December 2019 were 20,000 units, up 14 percent from November and down just 6.5 percent from year-ago December, as the industry transitions to much easier year-over-year comparisons. Complete industry data for...
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January 06, 2020, 07:16 AM
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The annualized turnover rate at both large and small truckload carriers rose in the third quarter, according to American Trucking Associations' Quarterly Employment Report.The turnover rate at large truckload fleets – those with more than $30 million...
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December 31, 2019, 07:05 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that three factors are at work in the weak outlook for heavy commercial vehicles in the coming two years: demand, supply and timing. While some, like the oversupply of...
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December 27, 2019, 07:10 AM
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According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, the prosperity of the year we are leaving will transition to tougher medium and heavy-duty market conditions in 2020.“After peak build and sales in 2019...
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December 19, 2019, 07:15 AM
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ACT Research’s preliminary estimate for November indicates trailer manufacturers booked 19,500 net orders to their orderboards last month, a 39 percent decline from October’s volume. Activity was 56 percent below November of 2018, while year-to-date...
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December 17, 2019, 06:55 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, expectations for the Class 8 and trailer production volumes have been trimmed for 2020, and expectations of a recovery starting in 2021 have been...
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December 12, 2019, 07:05 AM
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ACT Research released the December installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors.The ACT Freight Forecast provides three-year forecasts for volumes and...
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December 11, 2019, 07:10 AM
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The former Chief Operating Officer and Chief Financial Officer of Celadon Group Inc., a publicly traded transportation and trucking company headquartered in Indianapolis, IN, were charged in an indictment unsealed Dec. 5 for their alleged role in a...
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December 06, 2019, 07:30 AM
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Wintrust Receivables Finance announced the closing and funding of a $1.5 million credit facility for a trucking company based in Illinois. The company specializes in hauling dry goods, sheet metal and general freight, while also providing...
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December 04, 2019, 07:10 AM
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ACT Research’s preliminary estimate for October indicates trailer manufacturers booked 31,900 net orders to their orderboards last month, a 71 percent spike from September and the second straight month of sequential growth greater than 70 percent....
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November 18, 2019, 07:00 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, expectations for the Class 8 and trailer markets anticipate an accelerating pullback in build rates, as freight market conditions remain at a low ebb. While...
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November 13, 2019, 06:59 AM
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ACT Research released the November installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors.The ACT Freight Forecast provides three-year forecasts for volumes and...
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November 12, 2019, 07:01 AM
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Preliminary North America Class 8 net order data show the industry booked 22,100 units in October, up 74 percent from September, while Classes 5-7 orders fell 12 percent month over month, to 16,400 units, ACT Research reported. “The North American...
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November 05, 2019, 07:20 AM
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ACT Research reported new U.S. trailer orders of 21.6k were up 44% month-over-month, and after accounting for cancellations, net orders of 18.6k hit their third sequential increase in ten months, rising 73% from August, but down 68% compared to...
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October 25, 2019, 07:00 AM
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American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.2% in September after falling 4% in August. In September, the index equaled 117.6 (2015=100) compared with 117.3 in August."This was the first...
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October 24, 2019, 07:15 AM
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According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, the key risk to all vehicle market forecasts, and the U.S. economy broadly, remains the trade war with China. With U.S. manufacturers and farmers...
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October 15, 2019, 07:22 AM
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Since early 2018, ACT Research’s forecasts have called for the up-cycle in the Class 8 market to run out of steam around the third quarter of 2019, according to ACT’s latest release of the North American Commercial Vehicle OUTLOOK.“Over the past...
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October 14, 2019, 07:20 AM
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The American Transportation Research Institute, the trucking industry's not-for-profit research institute, unveiled its annual Top Industry Issues report, which includes the list of the top 10 critical issues facing the North American trucking...
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October 07, 2019, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 12,600 units in September, up 13 percent from August, while Classes 5-7 orders fell 9.4 percent m/m, to 17,300 units, according to Act Research. ACT’s State of the Industry:...
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October 03, 2019, 07:05 AM
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In the lead-up to Clean Air Day 2019, heavy-duty trucking company Total Transportation Systems, Inc. (TTSI) announced its switch from all diesel vehicles to 100 percent clean natural gas, battery electric and hydrogen fuel cell vehicles.In any given...
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October 01, 2019, 07:30 AM
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According to ACT Research’s recently released Transportation Digest, the Class 8 market is moving from 2019 peak activity in sales and build into a significant correction next year. The medium-duty market remained soft in July, solidifying the...
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October 01, 2019, 07:20 AM
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New U.S. trailer orders of 14,800 were up 7 percent month-over-month, and, after accounting for cancellations, net orders of 10,600 hit their second sequential increase in nine months, rising 2 percent from July, but down 72 percent compared to...
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September 27, 2019, 06:05 AM
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ACT Research’s preliminary estimate for August 2019 net trailer orders is 10,500 units. “On the positive side, total orders were up 7 percent versus July. However, cancellations pulled the net order results down to a 2 percent sequential gain....
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September 20, 2019, 07:15 AM
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Preliminary used Class 8 volumes (same dealer sales) fell 1 percent month-over-month in August, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report...
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September 16, 2019, 07:19 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research noted the heavy truck and trailer markets, and increasingly the medium duty market, are heading for corrections in 2020, even as the slow growth U.S. economic outlook remains...
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September 03, 2019, 07:20 AM
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According to ACT Research’s recently released Transportation Digest, Class 8 market indicators are divergent, with some at all-time highs even as other metrics point to coming weakness. The medium duty market measures are lower in the short-term, but...
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August 30, 2019, 07:10 AM
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U.S. railroads experienced a further deterioration of their price advantage for domestic intermodal shipping compared to trucking in the second quarter, according to a new index by IHS Markit. This latest contraction in the domestic intermodal...
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August 30, 2019, 07:05 AM
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According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, engines over 10L are projected to account for more than 85 percent of the Class 8 production between 2020 and 2024...
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August 29, 2019, 07:00 AM
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The average price of total used Class 8 trucks in July dipped 4 percent month-over-month, while rising against longer-term comparison, up 9 percent year-to-date.Same-dealer sales, on the other hand, were flat in July compared to June, but contracted...
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August 28, 2019, 07:05 AM
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The American Trucking Associations released its latest ATA Freight Transportation Forecast: 2019 to 2030, an annual projection of the state of the freight economy, showing continued growth in the industry.“America’s trucking industry, and the overall...
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August 26, 2019, 07:00 AM
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According to this quarter’s issue of ACT Research’s Trailer Components Report, trailer industry net orders continued the year-over-year slide that begin at the end of 2018, now negative for seven consecutive months, with preliminary July data showing...
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August 22, 2019, 07:10 AM
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U.S. railroads experienced a further deterioration of their price advantage for domestic intermodal shipping compared to trucking in the second quarter, according to a new index by global business information provider IHS Markit. This latest...
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August 19, 2019, 07:05 AM
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ACT Research’s preliminary estimate for July 2019 net trailer orders is 9,900 units. Preliminary Net Orders jumped 65 percent versus June but were 66 percent lower than July Last Year. Final volume will be available later this month. “While net...
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August 15, 2019, 07:10 AM
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ACT Research released the August installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors. ACT Research maintained its view that truckload and intermodal contract rates...
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August 12, 2019, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 10,200 units in July, down 21 percent from June and the lowest monthly order tally since February 2010, ACT Research announced. “Weak freight market and rate conditions across...
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August 05, 2019, 07:10 AM
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The American Trucking Associations released the latest edition of its annual data compendium — ATA American Trucking Trends 2019 — which showed that the industry's revenues jumped to $796.7 billion in 2018, up from $700.1 billion the previous...
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August 02, 2019, 07:05 AM
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Encina Equipment Finance announced it has provided a $12 million secured equipment loan to a trucking company. The facility is being used to fund new equipment purchases.Encina Equipment Finance was represented by Reed Smith LLP.Launched in June 2017...
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August 01, 2019, 07:10 AM
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Pitney Bowes announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with Covenant Trucking Company Inc.Covenant Trucking has served the Raleigh, NC, area since 1996. It is a full-service dump truck hauling and project...
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July 30, 2019, 07:15 AM
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According to ACT Research’s recently released Transportation Digest, the Class 8 market is on the cusp of a significant correction. At the same time, the medium duty market continued to confound in May, with forward-looking indicators deteriorating...
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July 30, 2019, 07:00 AM
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New U.S. trailer orders of 11,300 were down 27 percent month-over-month, but after accounting for cancellations, net orders slid to 6,000 units, down 42 percent from May and down 70 percent from June a year ago. Year-to-date net orders are 43 percent...
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July 28, 2019, 07:22 AM
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The latest release of ACT Research’s For-Hire Trucking Index, June data, showed nearly across-the-board declines, with capacity again the lone exception. The Volume Index dropped further into negative territory, falling to 43.2 (SA) in June, from...
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July 22, 2019, 07:00 AM
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ACT Research’s preliminary estimate for June 2019 net trailer orders is 6,200 units. Final volume will be available later this month. “Several aspects of June trailer orders were disappointing. Total new orders continued to slide, coming in below...
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July 17, 2019, 07:00 AM
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Preliminary used Class 8 volumes (same dealer sales) fell 8 percent month-over-month in June, the third consecutive sequential drop, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by...
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July 16, 2019, 07:00 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, current Class 8 build rates may suggest upside to the 2019 forecast, but large new inventories and deteriorating freight and rate conditions suggest erring...
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July 12, 2019, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 13,100 units in June, gaining 20 percent from May’s three-year low, but down a significant 69 percent from year-ago June’s very tough comparison, ACT Research reported. “Weak...
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July 03, 2019, 07:00 AM
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New U.S. trailer orders of 15,500 were down 16 percent month-over-month, but after accounting for cancellations, net orders slid to 10,500 units, down 28 percent from April. Year-to-date, net orders are 40 percent below last year, according to this...
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June 27, 2019, 07:05 AM
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According to ACT Research’s recently released Transportation Digest, Class 8 retail sales and build are starting the summer at near-record high levels, but evidence supporting a change in direction continues to accumulate. At the same time, the...
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June 24, 2019, 07:00 AM
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According to this quarter’s issue of ACT Research’s Trailer Components Report, trailer industry net orders have eased meaningfully since November of 2018, as year-over-year-comparisons have now been in the red for the last five months, but order...
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June 03, 2019, 07:00 AM
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According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, Class 8 production is expected to continue growing in 2019, before an anticipated drop late in the year and into...
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May 31, 2019, 07:00 AM
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The average price of total used Class 8 trucks in April was up 6 percent month-over-month and 12 percent higher year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The...
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May 29, 2019, 07:00 AM
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New U.S. trailer orders of 18,600 were up 4 percent month-over-month in April, but after accounting for cancellations, net orders slid to 14,700 units, down 6 percent from March. Orders were down 23 percent year over year.Year-to-date, net orders are...
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May 23, 2019, 06:55 AM
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American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index surged 7.4 percent in April after decreasing 2 percent in March. In April, the index equaled 121.8 (2015=100) compared with 113.4 in March.Compared with...
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May 22, 2019, 07:00 AM
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According to ACT Research’s recently released Transportation Digest, Class 8 retail sales and build remain at cycle highs, but signs are multiplying that the market momentum will start declining during the second half of this year. At the same time...
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May 21, 2019, 07:00 AM
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ACT Research’s preliminary estimate for April 2019 net trailer orders is 14,500 units, the lowest since July 2017. It is down 7 percent from March and 38 percent below a year ago.“Order volume was soft in April for the second straight month. Several...
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May 20, 2019, 07:00 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, slower freight growth, an easing of driver supply constraints, the resumption of the long-run freight productivity trend and strong Class 8 tractor fleet...
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May 15, 2019, 07:00 AM
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ACT Research released the May installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors.“Freight remains soft, as expected, and while we see reasons for recovery in the...
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May 10, 2019, 07:00 AM
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U.S. trailer order volume came in below previous year volume for the fourth straight month in March, but OEMs still booked nearly 16,000 net orders during the month, according to this month’s issue of ACT Research’s State of the Industry: U.S....
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April 26, 2019, 07:05 AM
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According to ACT Research’s latest State of the Industry: Classes 5-8 Report, March’s Class 8 metrics generally aligned with expectations, with the lone exception of cancellations, which continued to trend lower.“Data continue to tell the same...
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April 19, 2019, 07:10 AM
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ACT Research’s preliminary estimate for March 2019 net trailer orders is 15,600 units. Final volume will be available later this month.“It appears that the industry entered a bit of a holding pattern in March, as order volume declined significantly...
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April 15, 2019, 07:05 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was down 0.2 percent in February after increasing 2.5 percent in January. In February, the index equaled 117.4 (2015=100) compared with 117.6 in...
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March 26, 2019, 07:00 AM
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The latest release of ACT Research's For-Hire Trucking Index showed a downtick in volume, pricing and productivity, with the supply-demand balance continuing trend, loosening for the fourth consecutive month. The Volume Index returned to negative...
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March 18, 2019, 07:05 AM
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The average cost of mechanical repairs in the trucking industry increased for the second straight quarter, while miles between unscheduled roadside maintenance remained unchanged, according to the latest benchmarking report from American Trucking...
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March 18, 2019, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 16,900 units in February, up a modest 5 percent from January, but down 58 percent from year-ago February, Act Research reported. “February marks the third consecutive month of...
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March 06, 2019, 06:45 AM
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According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, Class 8 production is expected to continue its growth trend into 2019, and diesel is still the dominate power source...
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February 28, 2019, 07:00 AM
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Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management announced its CEO, John Flynn, has been included in Supply & Demand Chain Executive magazine’s list of 2019 Pros to Know in the...
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February 26, 2019, 07:00 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research queries whether the current record-setting Class 8 cycle will close differently than previous peak periods. The report provides monthly analysis on transportation trends, equipment...
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February 25, 2019, 07:00 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed an improvement in freight volumes and truck productivity in January, after a soft finish to 2018. The Volume Index rose to 52 in January, from 49 in December.Regarding the...
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February 22, 2019, 07:00 AM
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ACT Research’s preliminary estimate for January 2019 net trailer orders is 25,800 units. Final volume will be available later this month.“While the industry had the weakest January order volume since 2016, it was still sufficient enough to generate...
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February 21, 2019, 07:10 AM
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Preliminary used Class 8 volumes (same dealer sales) improved moderately in January, rising 4 percent month-over-month, following two sequential declines, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used...
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February 14, 2019, 06:55 AM
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According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, yellow lights continue to flash for the U.S. economy, and by extension for the North American commercial vehicle industry.“While the outlook has less...
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February 12, 2019, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 15,800 units in January, down 26 percent from December and 68 percent from year-ago January, ACT Research reported. “With near-record backlogs in both the medium and heavy-duty...
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February 06, 2019, 07:06 AM
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U.S. trailer order volume slid sequentially for the third month in a row, but it is all relative when one considers that nearly 28,000 net orders were posted in December, according to this month’s issue of ACT Research’s State of the Industry: U.S....
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January 28, 2019, 07:00 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed the Volume Index still in negative territory, below the 50 neutral mark, in December, at 48.1. The supply-demand balance turned down even further, hitting 44.3 on a seasonally...
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January 22, 2019, 06:50 AM
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ACT Research’s preliminary estimate for December 2018 net trailer orders is 27,800 units, 39 percent from November. Full-year 2018 orders totaled more than 420,000, rising 35 percent. “Considering the long-running order strength, December’s pause...
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January 17, 2019, 07:18 AM
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Preliminary North America Class 8 net order data show the industry booked 21,300 units in December, down 24 percent sequentially from November and 43 percent from year-ago December, Act Research reported. “For all of 2018, Class 8 orders totaled...
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January 07, 2019, 07:12 AM
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At the top line, North American Class 8 net orders totaled 28,082 units in November, compared to build at 27,973 units, according to ACT Research.“As we move into the year’s home stretch, freight-related data points continue to shift from strong...
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December 26, 2018, 07:20 AM
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U.S. trailer order volume slid sequentially for the second month in a row, but it’s all relative when one considers that more than 45,000 net orders were posted in November, according to this month’s issue of ACT Research’s State of the Industry: U.S...
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December 21, 2018, 07:10 AM
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The Class 8 truck market continued to extend all-time records for backlog and cumulative annual orders, according to a recent release of ACT Research’s Transportation Digest. The medium duty market ran like a well-oiled machine in October...
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December 20, 2018, 07:17 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed the Volume Index dropping into negative territory, at 48.1, in November, for the first time in 27 months (50 is neutral). The supply-demand balance turned down even further, hitting...
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December 19, 2018, 06:56 AM
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ACT Research’s preliminary estimate for November 2018 net trailer orders is 43,600 units--marking the the fifth-best month in industry history for trailer OEMs.“Trailer orders continued to set records in November. Led by dry vans, OEMs saw the...
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December 17, 2018, 07:20 AM
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FTR reports preliminary North American Class 8 orders for November fell to 27,500, as the market winds down from five consecutive months topping 40,000 units. November orders were the lowest total this year and the weakest since September 2017....
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December 14, 2018, 07:12 AM
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Preliminary used Class 8 volumes (same dealer sales) reversed course again in November, falling month-over-month and more than offsetting October’s gain, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used...
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December 14, 2018, 07:00 AM
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Preliminary North America Class 8 net order data show the industry booked 27,900 units in November, down 36 percent sequentially from October, but only 15 percent lower from November 2017, ACT Research reported.“Through year-to-date November, Class 8...
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December 05, 2018, 07:15 AM
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After September’s all-time net order record, volume softened only a small degree in October, with volumes ranked as the second-best month in industry history at more than 55,000 trailers entering the orderboard, according to this month’s issue of ACT...
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November 28, 2018, 07:17 AM
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The ACT For-Hire Trucking Survey Volume Index (seasonally adjusted) rebounded in October, to 55.9 from 51.8 in September, according to a recent release of ACT Research’s Transportation Digest. However, the report noted that this remains below the...
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November 27, 2018, 07:10 AM
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The U.S. trailer industry set net order records throughout the third quarter of 2018, with both July and August being the strongest months in industry history, according to this quarter’s issue of ACT Research’s Trailer Components Report. The quarter...
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November 26, 2018, 07:20 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed the supply-demand balance rising to 55.6 on a seasonally adjusted basis in October, from 50.1 in September. The strong increase in the Volume Index and the downtick in the Capacity...
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November 21, 2018, 07:07 AM
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At the top line, North American Class 8 net orders totaled 43,256 units in October, a moderation from the July-August records, but 21 percent better than the year-ago mark, according to ACT Research.“Class 8 net order activity experienced a second...
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November 20, 2018, 07:03 AM
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Fleet Advantage released the second part of its recent annual benchmarking survey, with topics on procurement and disposal of Class-8 heavy-duty trucks for private fleet and for-hire carriers.According to the survey, the same number of respondents...
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November 14, 2018, 07:15 AM
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ACT Research’s preliminary estimate for October 2018 net trailer orders is 55,250 units. “After posting the highest monthly net order volume in history in September, the trailer industry continued at a breakneck pace in October. Our projection ranks...
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November 13, 2018, 07:05 AM
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September marked the second consecutive month of moderating freight-related industry metrics, and early indications suggest the trend continued in October, according to ACT Research’s latest release of the ACT North American Commercial Vehicle...
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November 12, 2018, 07:15 AM
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Preliminary North America Class 8 net order data show the industry booked 43,600 units in October, up 1.9 percent sequentially from September, but only 21 percent from year-ago October, compared to recent year-over-year gains such as the 181 percent...
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November 05, 2018, 07:05 AM
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Price Digests, the leading B2B provider of vehicle data for over 100 years, announced finalists for the first Price Digests Highest Retained Value Awards, a new annual industry awards program based on residual values for commercial trucks. Winners...
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November 01, 2018, 07:15 AM
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Brian Trebels, CEO of Equipment Leasing Group of America, LLC (ELGA), announced the purchase of a premier portfolio of top-brand truck tractor and construction crane leases. Remaining lease terms for the trucks included in the deal average 29 months...
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October 29, 2018, 07:15 AM
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September orders continued to reflect the early opening to the 2018/19 order season. Total trailer net orders of more than 58,000 units were up 52 percent month over month and 135 percent better than a year ago, according to this month’s issue of ACT...
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October 25, 2018, 07:15 AM
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Encina Equipment Finance and Encina Business Credit jointly announced they have provided a $35 million senior secured credit facility to a medium- and long-haul trucking company. The financing, which is comprised of a revolving line of credit, a term...
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October 18, 2018, 07:20 AM
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At the top line, North American Class 8 net orders totaled 42,781 units in September, a 19 percent decline from August’s all-time record, but still the seventh time in nine months in which industry orders cracked 40,000 units, according to ACT...
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October 18, 2018, 06:00 AM
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ACT Research’s preliminary estimate for September 2018 net trailer orders is 58,200 units—a monthly record net order volume.“Fleets reached a never-before-seen trailer order level in September. OEMs booked over 58k trailers last month, shattering the...
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October 16, 2018, 07:10 AM
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August orders continued to reflect the early opening to the 2018/19 order season. Total trailer net orders of more than 38,000 units were up 31 percent month over month and 142 percent better than this time last year, according to this month’s issue...
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September 26, 2018, 07:10 AM
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At the top line, North American Class 8 net orders totaled 53,069 units in August, marking the sixth time in eight months in which industry orders cracked 40,000 units and another record-setting month, according to ACT Research.“Robust orders in June...
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September 24, 2018, 07:11 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.8 percent in August after increasing 1.9 percent in July. In August, the index equaled 112.9 (2015=100), down from 115 in July.Compared with...
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September 19, 2018, 07:00 AM
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ACT Research’s preliminary estimate for August 2018 net trailer orders is 38,200 units.
“Fleets continued to invest at a torrid pace in August, following a robust July. Industry net orders of 38,200 trailers were up more than 30 percent from July...
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September 18, 2018, 07:10 AM
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The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to a new study, 2018-2019 Vertical Market Series – Road...
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September 12, 2018, 07:05 AM
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Preliminary North America Class 8 net order data show the industry booked 53,100 units in August, breaking the all-time record set last month in another typically weak order intake month of the year, ACT Research reported. “Preliminary data indicate...
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September 06, 2018, 07:30 AM
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Penske Truck Leasing has opened a new facility in Ogden, UT. Penske's new location is the fourth new facility announcement in Penske’s western region this summer and marks the company's eighth new facility announcement this year.The new facility...
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August 31, 2018, 07:05 AM
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The latest ACT Research For-Hire Trucking Index showed an increase in the supply-demand balance, rising to 58.0 seasonally-adjusted in July, from a 54.0 reading in June.“Both freight volumes and rates improved in July from June on a seasonally...
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August 29, 2018, 07:00 AM
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U.S. trailer orders set a record for the month of July, coming in at a surprising 28,000 units, FTR reported. Trailer orders have now totaled an impressive 350,000 units for the past 12 months. Orders were up 109 percent year over year.Original...
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August 24, 2018, 07:20 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 1.9 percent in July after decreasing 0.5 percent in June. In July, the index equaled 115 (2015=100), up from 112.8 in June.ATA revised the June...
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August 22, 2018, 07:00 AM
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American Trucking Associations released the latest edition its annual compendium of trucking industry data–ATA American Trucking Trends 2018–highlighting the industry’s dominance over the freight market.“Information, when presented properly and...
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August 21, 2018, 07:07 AM
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ACT Research’s preliminary estimate for July 2018 net trailer orders is 29,300 units. Final July volume will be available later this month. “After a steady June, fleets came roaring back into the market in July. OEMs had their strongest July net...
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August 17, 2018, 07:05 AM
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Corcentric, a provider of procurement and financial process automation solutions, announced it has signed an agreement with G&P Trucking to deliver a full suite of financial process automation solutions that will help the South Carolina-based company...
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August 09, 2018, 07:05 AM
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Preliminary North America Class 8 net order data show the industry booked 52,400 units in July, setting a new all-time record in what is typically the weakest order intake month of the year, ACT Research reported. “Preliminary NA Class 8 net orders...
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August 03, 2018, 07:10 AM
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While orders have been extremely strong, the industry’s long string of year over year net order gains came to an end in June. According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report, net orders of 20,048 trailers...
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July 25, 2018, 07:12 AM
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In June, U.S. trailer orders fell for the sixth month in a row with preliminary orders reported by FTR at 18,600 units. Trailer orders have now totaled 335,000 units for the past 12 months.The market has entered the traditional slow-order summer...
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July 24, 2018, 06:58 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed the supply-demand balance falling to 54 on a seasonally adjusted basis in June from 60.9 in May. This reverses much of the April/May rebound, amid both softer volume and faster...
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July 23, 2018, 07:05 AM
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Covenant Transportation Group, Inc. announced it has completed the acquisition of Landair Holdings, Inc. of Greeneville, Tenn., the holding company for Landair Transport, Inc. and Landair Logistics, Inc. in a $83 million deal.Landair is a dedicated...
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July 06, 2018, 07:10 AM
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Preliminary North America Class 8 net order data show the industry booked 42,200 units in June, exceeding 40,000 units for the fourth time in six months, ACT Research reported.“Preliminary net order data indicate that demand for Class 8 trucks...
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July 05, 2018, 07:00 AM
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Daimler Trucks North America LLC (DTNA) announced Penske Truck Leasing and NFI have agreed to partner in operating the Freightliner Electric Innovation Fleet of eCascadia heavy-duty trucks and eM2 106 medium-duty trucks.The move is the next phase of...
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June 28, 2018, 07:20 AM
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Seasonal patterns predicted a significant sequential net order decline in May. Net orders were 22,900, not seasonally adjusted, off only 2 percent month-over-month, but this translated to a 27 percent increase when compared with May 2017. According...
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June 28, 2018, 07:03 AM
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Following flat volumes in April, the 3 percent month-over-month decline in May was not unexpected, as historical data indicates used truck sales volumes usually dip in late spring. Longer-term comparisons, however, show used truck sales volumes up 12...
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June 27, 2018, 07:00 AM
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Fleet Advantage announced its latest 2018 Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of early-model Class-8 trucks to 2019 model-year replacements. The TLDI serves to provide a snapshot of the cost savings involved, based on...
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June 26, 2018, 07:10 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed the supply-demand balance building on its return to positive territory last month, following an anomalous dip onto the negative side of the ledger in March. May’s reading was 61.4...
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June 25, 2018, 07:05 AM
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At the top line, North American Class 8 net orders totaled 35,608 units in May. While below the 492,000 seasonally adjusted annualized rate (SAAR) of first-quarter’s orders, May’s 478,000 SAAR continues the trend of order activity well above industry...
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June 22, 2018, 07:00 AM
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Milestone Trailer Leasing, with its headquarters in Missouri, has acquired leases for 1,575 dry vans from Heartland Express of North Liberty, Iowa. This move will add additional trailers – manufactured from 2014 to 2017 – equipped with tracking, tire...
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June 13, 2018, 07:15 AM
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ACT Research’s preliminary estimate for May 2018 net trailer orders is 23,300 units. “Fleet investment continues at a torrid pace. Net trailer orders were up year-over-year for the 18th straight month in May. While normal seasonal patterns call for a...
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June 13, 2018, 07:05 AM
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Preliminary North America Class 8 net order data show the industry booked 35,600 units in 2018’s fifth month, ACT Research reports.“Preliminary net order data indicate that demand for Class 8 trucks continued in robust fashion in May,” said Kenny...
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June 05, 2018, 07:15 AM
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Despite short-term stability, used Class 8 truck sales volumes were up 10 percent year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The report also indicated the...
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May 29, 2018, 07:15 AM
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While the preliminary estimate was 23,100, ACT Research is now reporting that the trailer industry closed April a bit stronger, with just below 24,000 net orders.“The final result outpaced our preliminary estimate, an indication of the continuing...
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May 25, 2018, 07:10 AM
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Ryder System, Inc. announced the launch of RyderGyde, a new, free mobile application allowing users to do everything from compare real-time fuel rates to conveniently schedule shop services—all from their smartphone. With this application, drivers...
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May 25, 2018, 07:00 AM
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TAB Bank announced it has provided a $300,000 revolving credit facility for a trucking equipment company located in Ohio. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The...
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May 24, 2018, 07:00 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed a rebound in the supply-demand balance. After turning to a deficit in March for the first time in 15 months, the supply-demand balance returned to positive territory in April, as...
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May 23, 2018, 07:15 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.2 percent in April after easing 1 percent in March. In April, the index equaled 112.5 (2015=100), up from 110.1 in March.ATA revised the March...
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May 23, 2018, 07:10 AM
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At the top line, North American Class 8 net orders totaled 34,735 units in April. While below the 492,000 seasonally adjusted annualized rate (SAAR) of Q1’s orders, April’s 421,000 SAAR continues the trend of order activity well above industry...
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May 18, 2018, 07:00 AM
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Daseke Inc., the largest flatbed and specialized trucking company in North America, announced the formation of Daseke Fleet Services.The new department will support Daseke’s growing scale by leveraging areas such as purchasing, equipment optimization...
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May 16, 2018, 07:05 AM
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Velocity Vehicle Group (VVG), an integrated network of commercial truck dealerships throughout the Southwest, is unveiling a new brand identity. This includes its 19 commercial truck dealerships operating under different business names, such as...
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May 07, 2018, 07:05 AM
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Preliminary North America Classes 5-8 net order data show the industry booked 59,600 units in 2018’s fourth month, ACT Research reported. Complete industry data for April, including final order numbers, are to be published in mid-May.After the order...
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May 03, 2018, 07:10 AM
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Used Class 8 truck same dealer sales volumes improved for the third consecutive month; on a year-over-year basis, sales volumes were up 1 percent, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published...
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April 26, 2018, 07:15 AM
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Were it not for the frenzied ordering ahead of EPA’07 during the first quarter of 2006, the first quarter of 2018 would have ranked as the best quarter in history for North American Class 8 orders. Instead, this year's Q1 was No. 2, averaging 45,400...
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April 23, 2018, 07:25 AM
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U.S. and Canadian Natural Gas Class 8 truck retail sales rose 13 percent in 2017 but shed 23 percent year-to-date through February 2018, ACT Research reported. “After a relatively strong Q4, it isn’t surprising that Q1 might be a bit soft. On a...
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April 20, 2018, 07:00 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed that for the first time in the past 15 months, the capacity index rose faster than the freight index, inflecting to a deteriorating supply-demand balance.“In March, the combination...
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April 19, 2018, 06:55 AM
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Ryder System, Inc. announced the launch of COOP by Ryder™, a new asset sharing platform and the first of its kind for commercial vehicles. The digital platform offers businesses the opportunity to list and rent underutilized commercial vehicles...
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March 29, 2018, 07:30 AM
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Total Class 8 used truck prices rose 3 percent year-over-year in February, but dipped 2 percent month-over-month, while average mileage was flat compared to last February and the average age was lower on a year-over-year basis, according to the...
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March 28, 2018, 06:15 AM
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Price Digests introduced enhanced Commercial Truck VIN Decoding capabilities with nearly 1,000 unique commercial trailer models added. The Commercial Trailer VIN Decoding now offers a cost-effective and time-saving advantage for the modern truck and...
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March 23, 2018, 07:25 AM
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The order onslaught continued in February, with NA Class 8 net orders falling from January’s second-best ever to a more pedestrian seventh-best 40,271 units, with backlogs rising in tandem, according to ACT Research (ACT). NA Class 8 net orders have...
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March 23, 2018, 07:05 AM
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American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index declined 2.6 percent in February after rising 1.6 percent in January. In February, the index equaled 109.2 (2015=100), down from 112.1 in January.ATA...
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March 21, 2018, 07:00 AM
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Santander Bank N.A. announced it has closed a $38.5 million senior secured equipment and revolving line of credit with Cold Carriers, a refrigerated transportation company, to support its growing equipment and working capital needs. “At Santander, we...
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March 20, 2018, 07:25 AM
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The latest release of ACT Research’s For-Hire Trucking Index showed the fleet equipment purchase intentions are strong, that they have or plan to increase driver pay, and that they currently have power in contract negotiations with...
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March 20, 2018, 07:00 AM
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Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced a new company milestone, leasing its 10,000th Class-8 Truck. In 2017 alone, Fleet Advantage placed purchase orders on over 1...
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March 14, 2018, 07:30 AM
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Penske Truck Leasing has implemented fully digital and voice-directed truck fleet preventive maintenance processes for its fleet of more than 266,000 vehicles. Penske's innovative digital preventive maintenance approach improves accuracy and...
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March 08, 2018, 07:05 AM
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Total Class 8 used truck prices rose 2% year-over-year in January, but dipped 3% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Dealers are reporting that there...
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February 27, 2018, 07:00 AM
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Following historically strong net order volumes in 2017’s final two months, January U.S. trailer net orders continued the pattern, booking the fifth best order month in history. “Reefers led the way booking that product’s strongest month in history...
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February 26, 2018, 07:00 AM
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North American Class 8 orders rose to their second-best ever level in January, reaching 49,100-plus units, and tipping the scales with a y/y growth of 121%, according to ACT Research (ACT). Since October 2017, NA Class 8 net orders have been booked...
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February 21, 2018, 07:15 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2% in January after falling 0.3% in December. In January, the index equaled 111.6 (2015=100), up from 109.4 in December. ATA recently revised the...
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February 21, 2018, 07:02 AM
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Preliminary North America Classes 5-8 net order data show the industry booked 80,400 units in 2018’s first month. January’s volume was surpassed only by March 2006 orders, during the frenzied period ahead of the EPA’07 prebuy. Note that these numbers...
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February 05, 2018, 07:00 AM
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After a flat quarter in Q3, U.S. and Canadian Natural Gas Class 8 truck retail sales rose 9% year-to-date through November. “Despite the uncertainty spurred by the current climate of changing environmental winds and low oil prices, the reading...
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January 29, 2018, 07:05 AM
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Total Class 8 used truck sales fell 9% year-over-year in December, but were down just 1% for full-year 2017 compared to 2016, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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January 29, 2018, 07:00 AM
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Decisiv announced that David Settle, a member of its Board of Directors, has joined the company full-time as Vice President, Finance and Treasurer.As an early investor in Decisiv, a member of its Board of Directors, and an advisor over the past...
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January 26, 2018, 07:00 AM
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ACT Research reported the year closed on an extremely strong note, with 45,700 net orders posted to the backlog. That was the second highest net order month in the industry’s history, trailing only October 2014.“Major support came from dry vans...
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January 25, 2018, 07:00 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell for the first time since September, losing 5.7% in December. In December, the index equaled 142.9 (2000=100), down from 151.6 in November. For all of...
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January 24, 2018, 07:06 AM
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North American Class 8 orders ended 2017 with a bang, rising to a 37-month high 37,500-plus units, according to ACT Research Co. (ACT). Strong orders since September have boosted Class 8 backlogs, setting the stage for a healthy uptick in Class 8...
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January 19, 2018, 07:10 AM
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Fleet Advantage announced it has reached a significant company milestone, securing $1 billion in total lease originations, with over $200 Million in originations in 2017 alone. Much of this accomplishment can be attributed to a growing adoption of...
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January 18, 2018, 07:26 AM
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ACT’s preliminary estimate for December 2017 net trailer orders is 45,200 units. Final December volume will be available later this month. Our methodology allows us to generate a preliminary estimate of the market that should be within +/- 3% of the...
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January 16, 2018, 06:35 AM
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The commercial fleet and truck leasing sectors are in solid shape and will remain so in 2018 in spite of some broader sector obstacles, according to Fitch Ratings in a new report. As its most recent review of fleet lessors back in October concluded...
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January 05, 2018, 07:08 AM
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Class 8 same dealer used truck sales dropped by 17% last month following the unexpected climb in October, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Seasonal weakness is not...
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December 22, 2017, 08:10 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped again in November, adding 2.3% in addition to the 3.9% jump during October. In November, the index equaled 151.8 (2000=100), up from 148.4 in...
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December 20, 2017, 07:05 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that the freight index rose faster than the capacity index for the eleventh consecutive month, allowing the supply-demand balance to climb to the second highest reading ever recorded. “The...
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December 18, 2017, 07:05 AM
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Bloomberg reported that Canada’s largest pension fund and Onex Corp. have teamed up to bid for Element Fleet Management Corp., with KKR & Co. also making an offer for the company, according to people familiar with the matter. Read the full Bloomberg...
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December 14, 2017, 07:31 AM
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Price Digests, the leading asset data provider to the commercial insurance and equipment finance industries, has launched a new solution that brings scale and efficiency to valuing large on-highway truck and trailer fleets. Leveraging...
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December 14, 2017, 07:05 AM
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Fleet Advantage released its 2017 Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of early-model Class-8 trucks to 2018 model-year replacements. The TLDI shows significant cost savings when replacing older-model vehicles with 2018...
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December 06, 2017, 07:30 AM
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A new report from Navigant Research examines the global market for medium and heavy duty trucks across hybrid, electric, and fuel cell powertrains, providing forecasts for annual sales and vehicle population, through 2027. With the potential to...
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November 30, 2017, 07:06 AM
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Class 8 same dealer used truck sales volumes continued their upward climb in October with the best month of 2017 thus far. October volumes increased 12% month over month, up 37% from October last year, according to the latest release of the State of...
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November 29, 2017, 07:05 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 3.3% in October, following a 1.9% decline during September. In October, the index equaled 147.6 (2000=100), up from 142.9 in September. Compared with...
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November 22, 2017, 07:05 AM
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Backlog continued to be positive in October, with a stronger than expected improvement of 6% month over month and 8% year over year. “Eight of ten categories were up month over month, with liquid tanks and reefers the outliers,” said Frank Maly...
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November 22, 2017, 07:00 AM
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As reported earlier this month, orders for Class 8 vehicles surged in October, rising to a 35-month high 36,033 units. “Following a high-side breakout in September, Class 8 orders exploded in October as large fleets returned to the U.S. market, and...
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November 21, 2017, 07:02 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that October’s volume reading surged to the highest level since March 2011 at 75. “Seasonally adjusted, the volume index was 75 but this was a record level for our survey,” noted Tim...
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November 20, 2017, 07:10 AM
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ACT’s preliminary estimate for October net trailer orders is 32,000 units. Final October volume will be available later this month. ACT's methodology allows them to generate a preliminary estimate of the market that should be within +/- 3% of the...
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November 17, 2017, 07:06 AM
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According to the BMO Transportation Finance Fall 2017 Truck Transportation Industry Update, despite temporary setbacks due to above average hurricane and tropical storm activity, most business and consumer sentiment indicators continue to reach multi...
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October 31, 2017, 07:00 AM
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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.“Long term, the outlook is positive, with volumes...
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October 27, 2017, 07:00 AM
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U.S. and Canadian natural gas Class 8 truck retail sales were flat through August year-to-date. “Despite the uncertainty of environmental change on the horizon, and continuing low oil prices, the future of alternative fuels led by NG/RNG is positive....
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October 26, 2017, 06:11 AM
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U.S. Bank has launched a new barometer for assessing the nation's shipping industry. The U.S. Bank Freight Payment Index measures quantitative changes in shipment and spend activity, based on data from transactions processed through U.S. Bank Freight...
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October 20, 2017, 07:06 AM
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Despite the previously reported improvement in September’s heavy duty orders, even stronger production during the month weighed on backlogs, which contracted for a fifth consecutive month. “Backlogs typically decline in September. When we seasonally...
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October 19, 2017, 07:00 AM
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Beginning December 18, 2017, electronic logging devices (ELDs) are required for an estimated 3.4 million U.S. commercial truck drivers. A preferred partnership with Transflo and Crestmark will help transportation companies get equipped for the...
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October 03, 2017, 07:00 AM
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Class 8 same dealer used truck sales volumes gained some ground in August, following two consecutive months of declines, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Channel...
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September 27, 2017, 07:00 AM
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August ties March for the longest trailer OEM work schedule of the year, which is also three days longer than July. Capitalizing on the additional work days, a sequential increase in U.S. trailer build was expected in August. “The longer schedule...
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September 25, 2017, 06:47 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index jumped 7.1% in August, following a 0.5% gain during July. In August, the index equaled 149 (2000=100), up from 139.1 in July. Compared with August 2016...
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September 21, 2017, 07:08 AM
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Forbes reported that Tesla’s CEO Elon Musk will soon be unveiling an electric semi-truck. According to the report, this marks Tesla’s first step toward entering the commercial transportation space.The Forbes article explains how Tesla’s entry into...
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September 19, 2017, 08:00 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that August’s freight volume reading advanced for the eighth consecutive month to 67.0, actual and seasonally adjusted. August’s freight reading represents an almost 10 point jump above...
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September 15, 2017, 07:00 AM
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SunTx Capital Partners, a Dallas-based private equity firm that invests in middle market manufacturing, distribution and service companies, announced that it has acquired a majority equity interest in Freedom Truck Finance, a commercial specialty...
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September 08, 2017, 07:30 AM
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Element Fleet Management Corp. announced the sale of approximately 60% of its Heavy-duty U.S. truck portfolio (“HD Trucks”) for cash proceeds of approximately $138 million, in excess of book value.“We are pleased to announce this asset sale at an...
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September 07, 2017, 07:15 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.1% in July, following a 4.4% drop during June. In July, the index equaled 138.5 (2000=100), up from 138.4 in June. Compared with July 2016, the...
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August 23, 2017, 07:00 AM
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According to the Global Heavy-duty Trucks Market 2017-2021 report released by Research and Markets, the global heavy-duty trucks market will grow at a CAGR of 1.41% during the period 2017-2021. The report also includes a discussion of the key vendors...
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August 21, 2017, 08:00 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that July’s volume reading advanced for the seventh consecutive month to 57.1. While down from June, the freight index was almost 20 points above the reading in the same month last year....
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August 18, 2017, 07:04 AM
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The trucking sector continues to be a vibrant driver of the U.S. economy, accounting for nearly 80% of the nation's freight revenues, according to new data released by the industry's leading professional association.
The American Trucking...
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August 15, 2017, 07:17 AM
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Total trailer production surpassed 27,000 June, capitalizing on one of the longer work schedules of the year. “Eight of ten trailer categories had higher production month over month,” said Frank Maly, Director–CV Transportation Analysis and Research...
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July 31, 2017, 07:04 AM
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Billionaire philanthropist Bill Gates has joined a group of big name investors who hope to give Uber a run for its money in the emerging market for on-demand freight-sharing.The software pioneer recently joined a group of financers that includes...
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July 28, 2017, 07:19 AM
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Class 8 same dealer used truck sales volumes slipped slightly in June, falling 3% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Channel analysis shows that...
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July 27, 2017, 07:04 AM
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Roadrunner Transportation Systems (“Roadrunner”), a leading asset-right transportation and asset-light logistics service provider, announced that it has closed a new five-year $292 million asset-based lending facility (“ABL”) provided by BMO Harris...
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July 24, 2017, 07:05 AM
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North America Class 8 production reached a 19-month high again in June following the stronger orders earlier this year, according to new data from ACT Reseach.
“Annualized, June’s per-day production rate equals a full-year production of almost...
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July 21, 2017, 07:05 AM
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The American Trucking Associations released its latest forecast for the next decade of freight transportation, projecting continued growth for freight transportation overall and for the trucking industry. “As the U.S. population grows and the economy...
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July 20, 2017, 07:05 AM
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ACT’s preliminary estimate for June net trailer orders is 20,375 units. Final June volume will be available later this month. ACT's methodology allows them to generate a preliminary estimate of the market that should be within +/- 3% of the final...
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July 19, 2017, 07:15 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that June’s volume reading advanced for the sixth consecutive month to 72.0, soaring to the highest level since March 2014, and almost 20 points above the reading in the same month last...
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July 18, 2017, 07:03 AM
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After an unexpected rally in Q1, 2017, North American MD & HD Classes 5-8 net orders moderated in the second quarter, according to data from ACT Research. While orders were lower quarter over quarter, year over year comparisons are positive by a wide...
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July 06, 2017, 07:06 AM
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The turnover rate at U.S. truckload fleets rose slightly in the first quarter of 2017 while remaining at historically low levels."The slight uptick in turnover, despite weak freight volumes in the first quarter, may be indicative of a tightening in...
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July 05, 2017, 07:03 AM
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Trucker Path has secured $30 million debt financing from Flexible Funding with the participation of Silicon Valley Bank to scale its financial services offered to trucking companies.Trucker Path helps carriers find freight instantly and offers...
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June 20, 2017, 07:00 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that May’s purchase intentions remained elevated, with 61% of responding fleets planning equipment investments in the next three months. This marked the strongest three-month reading since...
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June 19, 2017, 07:00 AM
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Wabash National Corporation announced that Mark Weber, senior vice president and group president of Diversified Products, has left the company effective immediately to pursue other opportunities. Brent Yeagy, president and chief operating officer...
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June 19, 2017, 06:53 AM
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Penske Truck Leasing announced it has entered into an agreement to acquire Richmond, Virginia-based Old Dominion Truck Leasing. Financial terms were not disclosed."Old Dominion Truck Leasing and Penske Truck Leasing customers will benefit from...
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June 15, 2017, 07:02 AM
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A new study by PayNet shows the transportation industry continues to deteriorate, with default rates now approaching levels not seen since the tail end of the Great Recession.PayNet’s Small Business Default Index (SBDFI) shows the rolling 6-month...
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June 05, 2017, 07:09 AM
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Class 8 same dealer used truck sales volumes dropped in April, breaking a three-month run of double-digit gains, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. Total volumes for...
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May 26, 2017, 07:04 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 2.5% in April, following a 1.1% decline during March. (March’s percentage decrease was slightly more than reported in a press release issued on...
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May 24, 2017, 07:05 AM
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Strong orders surpassed build in April, boosting industry backlogs to their best level since March 2016. The order strength in 2017 has largely been by the tractor daycab market. “In April, tractor daycab orders were up nearly 200% from year-ago...
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May 22, 2017, 07:00 AM
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ACT’s preliminary estimate for April Net Trailer Orders is 20,200 units. Final April volume will be available later this month. ACT's methodology allows the company to generate a preliminary estimate of the market that should be within +/- 3% of the...
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May 16, 2017, 06:39 AM
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The latest release of ACT’s For-Hire Trucking Index indicated that April’s volume reading grew slower following last month’s three-year high, although evidencing clear acceleration in the growth trend. This also marked the seventh consecutive month...
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May 15, 2017, 07:00 AM
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Less than a quarter of trucking companies have automated their procure-to-pay (P2P) processes and more than 40% have no automation whatsoever. Failure to automate means trucking companies are experiencing P2P process costs that are 12% to 83% higher...
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May 11, 2017, 07:00 AM
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Following eight consecutive months with steadily higher volumes, North American Medium Duty & Heavy Duty Classes 5-8 net orders moderated in April’s preliminary reading, sliding 13% from March to 42,500 units. All of the month-over-month decline in...
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May 04, 2017, 06:22 AM
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Facilitated by the additional build days, trailer production jumped 25% from February, the highest level since March of last year. “Roughly 60% of the month-over-month gain came from the additional build days in the quarter-ending month, while the...
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April 26, 2017, 06:52 AM
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AmeriQuest Business Services announced that Kurt Kusche has joined the company as Vice President of Financial Services. Kusche will report directly to Pat Gaskins, Senior Vice President of Financial Services for AmeriQuest. Kusche comes to AmeriQuest...
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April 25, 2017, 07:08 AM
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Class 8 same dealer used truck sales volumes continued to show strength in the closing month of the first quarter, increasing month-over-month with a third sequential double-digit rise, according to the latest release of the State of the Industry:...
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April 25, 2017, 07:00 AM
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ACT Research reports that thanks to the healthy order levels noted at the beginning of the month, coupled with what are still fairly restrained build levels, Class 8 backlogs increased again in March. The month-ending data from March indicates that...
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April 19, 2017, 07:03 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 1% in March, following a 0.1% decline during February. (February’s percentage decrease was unchanged from our press release on March 21, 2017.) In...
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April 19, 2017, 07:00 AM
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TAB Bank announced it provided $29.1 million in trucking equipment loans for 336 transportation companies during the 1st quarter of 2017. Based in different regions of the country, these companies represent a broad spectrum of trucking entities...
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April 17, 2017, 07:02 AM
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Preliminary Classes 5-8 data for March indicate industry net orders rose to a sixteen-month high, 47,300 units. That aggregate volume represents a 19% improvement compared to last March. Note that these numbers are preliminary. Complete industry data...
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April 06, 2017, 07:10 AM
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BMO Harris Bank’s Asset Based Lending group announced it was administrative agent, lead arranger, and bookrunner for a $100 Million revolving credit facility to Rush Enterprises.BMO Harris Bank’s Transportation Finance group, a leading truck and...
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March 30, 2017, 07:00 AM
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Isuzu Finance of America accomplishes a milestone of 10 years in business as the financial captive for Isuzu Commercial Trucks of America, Inc. As part of this year’s celebration Isuzu Finance is recognizing loyal customers who have leased or...
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February 23, 2017, 07:01 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.9% in January, following a 4.3% decrease during December. (December’s index was revised up from our press release on January 24, 2017.) In January...
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February 23, 2017, 07:00 AM
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The industry closed the first month of the year with orders up 92% year-over-year, however volume was still off 6% sequentially, as total net orders approached 33,000 units. Seasonal adjustment made January the best order month in the past fixteen. ...
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February 22, 2017, 07:01 AM
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The latest release of ACT’s For-Hire Trucking Index showed the freight component of the index rising faster than the capacity component, boosting the spread to a level not seen since early 2014. The data suggests that the process of rebalancing...
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February 15, 2017, 07:05 AM
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FTR released preliminary Class 8 net orders for January at a solid 21,600 units, continuing the remarkably consistent trend that began in October. January 2017 Class 8 orders were 20% better than January 2016. After a steady decline in order rates...
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February 09, 2017, 07:10 AM
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Preliminary Classes 5-8 data for January indicate industry net orders rose to a thirteen-month high, 45,300 units. That aggregate volume represents a 27% improvement compared to January, 2016. Note that these numbers are preliminary. Complete...
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February 06, 2017, 07:08 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 6.2% in December, following a revised 8.4% jump during November. (November’s index was revised up slightly from our press release on December 20, 2016...
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January 25, 2017, 07:05 AM
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The industry closed 2016 on a solid note, as December dry van orders were up 26% year-over-year, with reefer orders up almost 140% over 2015. Despite that solid y/y performance, both new and net orders were down 5% from the previous month....
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January 23, 2017, 07:06 AM
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NA Class 8 retail sales firmed into the end of 2016 in seasonal fashion, rising to a six-month high 21,281 units sold, and bringing the full-year sales total to 249,952 units. Set against strengthening orders, seasonal production weakness reduced...
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January 20, 2017, 07:00 AM
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TAB Bank announced it provided $19.2 million in trucking equipment loans for 193 transportation companies during the 4th quarter of 2016. Based in different regions of the country, these companies represent a broad spectrum of trucking entities...
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January 18, 2017, 06:00 AM
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The DAT North American Freight Index rose 8 percent in December, capping off an extraordinarily strong month for spot truckload freight and six straight months of increased volume, said DAT Solutions, which operates the largest trucking load board...
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January 17, 2017, 08:04 AM
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Element Fleet Management announced the appointment of Samir Zabaneh as Chief Financial Officer of the Company effective immediately.“I welcome Samir Zabaneh as a valuable addition to Element’s Executive Leadership Team. Samir brings significant...
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January 10, 2017, 07:00 AM
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Great Western Leasing and Sales ("GWLS") announced the acquisition of Quality Trailer Sales. Quality Trailer Sales, based in Albuquerque, New Mexico, is a full-service trailer dealership providing new and used equipment sales and rentals as well as a...
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January 06, 2017, 07:10 AM
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In December, preliminary North America Classes 5-8 net order data show the industry booked 42,000 units, bringing the full-year net order tally to 415,600. Note that these numbers are preliminary. Complete industry data for December, including final...
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January 06, 2017, 07:00 AM
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Celadon Group announced that it has entered into a joint venture agreement with Element Transportation LLC ("Element"), a subsidiary of Element Fleet Management. The joint venture will hold leasing assets managed by Celadon's Quality Companies, LLC...
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January 03, 2017, 07:15 AM
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In response to increase demand for rental and leasing services, PacLease has added ten new locations. The leasing and rental company, which offers the full line of Kenworth and Peterbilt trucks, now has 454 locations in the United States and Canada....
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December 29, 2016, 07:20 AM
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New and net trailer orders surged in November, strongly indicating that the trailer buying season has begun. Driven mostly by Dry Vans, November net orders climbed 71% month-over-month, according to the most recent State of the Industry: U.S....
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December 21, 2016, 07:00 AM
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Fleet Advantage announced it was named by Food Logistics as a Top 100 Software and Technology Provider in 2016, highlighting the top technology companies for the global food and beverage supply chain. The complete list appears in the magazine's...
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December 21, 2016, 06:50 AM
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ACT’s preliminary estimate for November, 2016 U.S. net trailer orders is 36,300 units; final November volumes will be available later this month. According to ACT, their methodology allows ACT to generate an early estimate of the market that should...
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December 16, 2016, 07:00 AM
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The latest release of ACT’s For-Hire Trucking Index showed that the modest improvements in the past few months continued in November. The pricing index inched forward to its highest reported number in the past twelve months, with a reading of 55.1....
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December 15, 2016, 07:00 AM
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Advantage Funding, announced the hiring of Scott Burnett to broaden sales in the company’s Class-8, vocational-truck and tow-truck financing business. As Regional Sales Manager, Burnett will handle accounts in South Florida, portions of North Florida...
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December 02, 2016, 07:00 AM
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Daimler Truck Financial, a unit of Mercedes-Benz Financial Services USA LLC, announced Tobias Waldeck has been named Vice President of Sales, Marketing and Remarketing for Daimler Truck Financial, effective immediately. Daimler Truck Financial...
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November 30, 2016, 07:15 AM
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New and net trailer orders climbed in October, driven both by Dry Vans and Reefers. Even with October’s rebound though, orders are still behind from last year by a wide margin, according to the most recent State of the Industry: U.S. Trailers...
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November 28, 2016, 06:50 AM
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FTR’s Intermodal Competitive Index (ICI) rose again in September to a reading of 4.95. The updated September reading, in moderately favorable territory, reflects increased utilization rates in the over-the-road truck market and stabilizing fuel...
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November 22, 2016, 07:00 AM
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Class 8 net orders continued to move sideways for the third consecutive month in October at 13,907 units. Seasonally adjusted, October's orders were weak at 12,060 units. “The driving factor behind the weak net orders number was an unusually high...
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November 21, 2016, 06:30 AM
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IronPlanet® in conjunction with its TruckPlanet marketplace, launched Fleet Services featuring IronPlanet Truck Locator. With access to over $200 million in Class 8 and other trucks, Fleet Services, and particularly IronPlanet Truck Locator, will...
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November 11, 2016, 07:10 AM
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For the month of October, preliminary Classes 5-8 order data show the industry booked 32,400 net orders. Note that these numbers are preliminary. Complete industry data for October, to include final order numbers, will be published in...
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November 04, 2016, 07:04 AM
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U.S. and Canadian natural gas Class 8 truck retail sales declined in the June to August period. Year-to-date sales through August continued to lose ground, falling 29% behind last year’s comparable level from a reading of 25% lower for year-to-date...
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November 01, 2016, 06:58 AM
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Fleet Advantage unveiled the results of its latest industry survey, which shows that many fleet professionals aren't leveraging onboard computer (OBC) data to pinpoint operational cost-savings potential.The online survey was presented to more than...
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October 31, 2016, 07:07 AM
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Class 8 net orders were lukewarm in September with a trivial rise, signaling that the historically weak season is coming to an end. Seasonally adjusted, September's orders were at 16,100 units. “October kicks off the traditional high volume fourth...
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October 24, 2016, 07:00 AM
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For the fourth time in the past five months the freight index rose faster than the capacity index, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT). While the changes remain small, the data suggest that excess...
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October 18, 2016, 07:00 AM
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The American Trucking Associations released the latest edition of its look into the future of freight transportation, U.S. Freight Transportation Forecast to 2027, showing growth in both overall freight volumes and in the amount of goods moved by...
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October 13, 2016, 07:00 AM
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Element Financial Corporation (“Element”), now Element Fleet Management Corp. (“Element Fleet”) and ECN Capital Corp. (“ECN Capital”) jointly announced the completion of the reorganization of Element into two separate publicly-traded companies (the...
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October 04, 2016, 07:03 AM
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American Trucking Associations’ Chief Economist Bob Costello said, the trucking industry has seen soft volumes in 2016 due to bloated inventories and a weak manufacturing environment. “The current cycle of larger than normal inventories has taken...
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October 03, 2016, 07:14 AM
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Reuters reported that Uber Technologies is plotting its entry into the long-haul trucking business with its recent acquisition of self-driving truck startup, Otto.According to the exclusive Reuters report, the company is aiming to establish itself as...
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September 29, 2016, 07:18 AM
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FTR’s Shippers Conditions Index (SCI) for July, showing a miniscule improvement from June, remains at a near neutral reading of -0.1. The index will continue to hover around equilibrium until early 2017 when steady increases in regulatory drag will...
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September 27, 2016, 07:15 AM
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Class 8 net orders rose to a three-month high of 14,200 in August, aided in part by cancellations, which fell to a 33-month low. Seasonally adjusted, Class 8 orders were the best since March at 16,000 units. Medium-duty net orders were up m/m...
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September 21, 2016, 07:17 AM
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Trailer net orders rose 52% month over month in August, but contracted a disappointing 37% year over year, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“Much of August’s improvement came from...
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September 21, 2016, 07:04 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 5.7% in August, following a 2.1% decline during July. In August, the index equaled 141.8 (2000=100), up from 134.2 in July. The all-time high was...
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September 21, 2016, 07:00 AM
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Penske Truck Leasing has launched a new, updated website that provides valuable information about its full-service leasing and contract maintenance services, with a seamless experience for customers accessing it from any mobile device, tablet or...
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September 20, 2016, 07:00 AM
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For the third time in the past four months, the freight volume index is a nice change after last month’s worst-in-4-years print. The recent shift to positive in this metric since May suggests that if conditions are not exactly improving at this point...
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September 16, 2016, 07:11 AM
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American Trucking Associations said the turnover rate at truckload fleets with more than $30 million in annual revenue fell six points to 83% in the second quarter – the lowest point since the second quarter of 2011. “The continued decline in the...
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September 06, 2016, 07:08 AM
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Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management recently expanded its business focus beyond Private-Fleet carriers with its flexible leasing solutions, analytics and business...
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August 30, 2016, 07:00 AM
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Trailer net orders fell 25% month over month, and contracted a staggering 50% year over year, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The second half of the year opened on a disappointing...
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August 22, 2016, 06:00 PM
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The supply of Class 8 trucks rose faster than demand for the fifth time this year, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).Kenny Vieth, ACT’s President and Senior Analyst, noted that the balance...
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August 17, 2016, 06:41 AM
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Tetra Corporate Services announced they provided a $512,000 lease for auxiliary power units to a trucking company located in the Midwest.Tetra provides a vast range of creative equipment leasing solutions for all types of businesses including...
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August 11, 2016, 07:00 AM
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Marlin Business Services Corp. announced it has entered an agreement with Rush Enterprises to support its dealership network with financing options for their customers to purchase new and used commercial trucks. Marlin dedicated field representatives...
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July 13, 2016, 07:25 AM
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For the second time this year and only the fourth time in 19 months the demand for Class 8 trucks rose faster than the supply, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).Steve Tam, ACT’s Vice...
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July 13, 2016, 07:00 AM
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TAB Bank announced it provided $25.3 million in trucking equipment loans for 195 transportation companies during the 2nd quarter of 2016. Based in different regions of the country, these companies represent a broad spectrum of trucking entities...
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July 07, 2016, 07:10 AM
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FTR’s Shippers Conditions Index (SCI) for April rose marginally to a reading of 1.5, up from 0.4 in March. The new reading reflects improved market conditions for shippers as freight demand remains sluggish. The SCI is at its highest sustained...
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July 06, 2016, 07:09 AM
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InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third...
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June 23, 2016, 07:09 AM
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In 2015, diesel engines made up 98.5% of the North American Class 8 vehicle market, but the forecast expects this dominance to lessen by 2021, according to a new report by Americas Commercial Transportation (ACT) Research and Rhein Associates. The...
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June 22, 2016, 07:05 AM
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Americas Commercial Transportation (ACT) Research and Rhein Associates are pleased to announce the inaugural publication of a new cooperative venture, the N.A. On-highway CV Engine Outlook report. The Engine Outlook, available now, is designed to...
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June 17, 2016, 07:07 AM
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For the first time this year and only the third time in 18 months the demand for Class 8 trucks rose faster than the supply, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).“May showed the first meaningful...
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June 15, 2016, 06:50 AM
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Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management announced that it has been awarded the Technology Leadership Award for Fleet TCO Optimization Solutions in North America by the...
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June 01, 2016, 06:56 AM
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Trailer net orders rose 12% month over month, but contracted 7% year over year, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“New orders continued to meander in April, the result of fleet...
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May 25, 2016, 07:00 AM
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 2.1% in April, following a 4.4% drop during March. In April, the index equaled 134.8 (2000=100), down from 137.6 in March. The all-time high was...
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May 25, 2016, 06:58 AM
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Ryder System, Inc. announced the launch of two new commercial vehicle lease products, designed to offer customers the most flexibility, choice, and control in fleet management. Ryder’s pioneering work in truck leasing has helped set the industry...
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May 23, 2016, 07:18 AM
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The supply of Class 8 trucks continues to rise faster than demand for trucks, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).“For an eighth consecutive month the fleet capacity index has risen faster than...
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May 16, 2016, 07:00 AM
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Two transportation companies based in Utah have chosen TAB Bank for working capital credit facilities. Since its founding, TAB Bank has partnered with trucking companies to create fast and flexible financing solutions that keep companies running...
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April 25, 2016, 07:07 AM
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FTR’s Trucking Conditions Index (TCI) continued to soften in February due to a weakening of the freight environment early in 2016. The current reading at 8.27 reflects FTR’s forecast for a slowdown in truck loadings from an average of 4% thus far in...
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April 14, 2016, 07:21 AM
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Fleet Advantage unveiled results of its latest survey showing an alarming percentage of the industry still unaware of the savings achieved by incorporating new fleet technologies.The online survey, presented to more than 500 private and...
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April 07, 2016, 07:16 AM
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TAB Bank provided $27.9 million in trucking equipment loans for 233 transportation companies during the 1st quarter of 2016. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including...
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April 07, 2016, 07:05 AM
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Fleet Financing Resources (FFR) announced the promotion of Garland Tillery to Chief Finance Officer. The announcement was made by Dave Reynolds, President and CEO of FFR.“Tillery’s abilities and contributions have been a tremendous asset to FFR. He...
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March 29, 2016, 07:15 AM
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Trailer net orders rose 26% month over month and 3.5% year over year according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“Large fleets continue to drive the market, and low cancellations show that...
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March 25, 2016, 06:49 AM
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Used Class 8 truck metrics continued to be mixed in February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“February Class 8 used truck volumes appeared to be getting an early...
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March 23, 2016, 07:00 AM
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Class 8 booked 18,078 net orders in February, down 42% year over year, while Classes 5-7 net orders were the highest since December 2014 at 22,316 units. These results were published in the latest State of the Industry report, recently released by...
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March 21, 2016, 07:05 AM
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FTR’s Trucking Conditions Index (TCI) measure for January begins to reflect slowing growth patterns for trucking transportation. According to FTR, with a reading of 9.05, the index fell from a recent high of 10.88 in December. FTR said current...
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March 16, 2016, 07:06 AM
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Sequential changes in U.S. trailer data were directionally correct…orders were down, inventory and build rates were up, and cancellations were inconsequential, according to the most recent State of the Industry: U.S. Trailers published by ACT...
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February 26, 2016, 07:03 AM
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TAB Bank announced it has provided TAB FAST funding for two trucking companies. Each funding represents TAB’s commitment to providing working capital and other critical financial solutions and support to companies in the trucking industry.TAB FAST...
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February 26, 2016, 07:00 AM
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Fleet Advantage announced it has launched its new award-winning, real-time fleet performance software, ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software). Announced during the company’s educational conference on technology and safety...
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February 18, 2016, 07:03 AM
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Used Class 8 truck metrics continued to be mixed in December, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“December unit sales rebounded from November, but were flat...
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January 27, 2016, 07:00 AM
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TAB Bank provided $43.6 million in trucking equipment loans for 209 transportation companies during the 4th quarter of 2015. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including...
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January 06, 2016, 07:16 AM
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Used Class 8 truck metrics continued to be mixed in November. Unit sales shrank 23% m/m, despite longer term comparisons being flat to slightly up, with same dealer sales volumes gaining 4% y/y and 1% YTD relative to the same period in 2014...
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December 23, 2015, 07:00 AM
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Trailer net orders in November gained 18% m/m and 10% y/y. According to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT), the solid order season continues for this segment of the commercial vehicle industry.“It...
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December 22, 2015, 07:00 AM
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Class 8 booked 16,770 net new orders in November, while Classes 5-7 posted 18,850 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8...
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December 18, 2015, 07:00 AM
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Element closes rated ABS notes offered through new US$4.8 billion Chesapeake Funding II LLC conduit to fund U.S. fleet assetsElement Financial announced that the Company has closed Chesapeake Funding II LLC, the new US$4.8 billion rated asset backed...
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December 17, 2015, 07:02 AM
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The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).“The capacity index [supply] rose faster than the freight index [demand] for the...
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December 14, 2015, 06:47 AM
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Inc. Magazine has ranked Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management, one of the Top 5,000 Fastest-Growing Private Companies in the nation on its Inc.5000 list. Fleet...
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December 03, 2015, 07:05 AM
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Used Class 8 truck metrics continued to be mixed in October. Volumes shrank 3% m/m, despite longer term comparisons being stable, with volumes down a mere 1% y/y and the past nine months flat, relative to the same period in 2014, according to the...
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November 30, 2015, 07:04 AM
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Trailer net orders in October, exceeding 33,000 units, were down 7% from September and 30% on a year-over-year basis. Nevertheless, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT), the solid order...
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November 25, 2015, 07:00 AM
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Marlin Business Services Corp. announced today that it has expanded its vendor financing programs with the launch of a new transportation finance channel. The new unit will provide financing to manufacturers and dealers of commercial trucks, trailers...
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November 11, 2015, 07:14 AM
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Trucking Info reported on-demand trucking service Convoy has officially launched after it raised $2.5 million in seed funding from an investment group that included Amazon founder Jeff Bezos and other high-profile investors.According to the Trucking...
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October 29, 2015, 07:18 AM
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The arrival of Uber for trucking or mobile-based freight brokering is ushering in a new era in the North American trucking and freight logistics market. Currently, inefficiency plagues the freight movement and logistics market, with approximately 20...
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October 28, 2015, 07:26 AM
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Advantage Funding announced the addition of Janet Cooksey to its growing truck- finance sales team reporting to Carol Dmytriw, National Sales Manager. Cooksey will serve as Regional Sales Manager, capitalizing on her transportation financial services...
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October 20, 2015, 07:10 AM
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Fleet Advantage announced results of its latest survey where it took the pulse of how fleet truck industry executives are leveraging data and intelligence for their operations. The online survey was presented to more than 700 transportation...
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October 20, 2015, 07:03 AM
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The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).“The capacity index [supply] rose faster than the freight index [demand] for the...
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October 14, 2015, 06:49 AM
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TAB Bank provided $43.9 million in trucking equipment loans for 144 transportation companies during the 3rd quarter of 2015. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including...
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October 05, 2015, 07:40 AM
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Trailer net orders in August, at more than 24,500 units, rose nearly 21% from July’s pace, but eased 0.4% on a year-over-year basis, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The industry...
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September 23, 2015, 06:53 AM
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Class 8 booked nearly 20,200 net new orders in August, while Classes 5-7 posted almost 17,900 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes...
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September 21, 2015, 06:45 AM
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TAB Bank announced it has signed a definitive agreement to acquire a $54 million trucking equipment loan portfolio from Crossroads Equipment Lease & Finance, LLC. The portfolio acquired by TAB Bank will continue to be serviced by Crossroads...
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September 03, 2015, 07:05 AM
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Hilco Industrial and Gordon Brothers Group announced that they will run a private treaty sale process to sell an extensive fleet of trucking and heavy haul equipment from Butch’s Trucking Inc., one of the nation’s premier oil and gas servicing...
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August 31, 2015, 07:03 AM
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TAB Bank announced it has provided a $5 million revolving credit facility for a trucking company based in California. Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital...
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August 31, 2015, 07:00 AM
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TAB Bank announced that Jefferey Hogg has been named as a Vice President/Business Development Officer for TAB Bank’s trucking business development team. Jeff is responsible for sourcing new business opportunities by providing asset-based and...
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August 21, 2015, 06:49 AM
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Class 8 booked just over 24,600 net new orders in July, while Classes 5-7 posted 15,900 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5...
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August 20, 2015, 07:00 AM
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Gordon Brothers Group will be selling a large package of equipment, formerly owned by Hodges Trucking Company L.L.C., in conjunction with Ritchie Bros. Auctioneer this September and October. On June 18, 2015, Gordon Brothers Group announced that it...
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August 17, 2015, 07:10 AM
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TAB Bank announced it has provided a $3 million revolving credit facility for a trucking company based in Ohio. Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital needs. In...
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August 17, 2015, 07:00 AM
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Element Fleet Management announced the appointment of Trish Marks to Regional Vice President of Business Development.“The expertise Trish offers customers is a testament to her 33 years of service in the fleet industry,” said Gary Anderson, chief...
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August 07, 2015, 07:12 AM
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TAB Bank provided $30.8 million in trucking equipment loans for 99 transportation companies during the 2nd quarter of 2015. This is the largest volume of trucking equipment loans TAB Bank has ever produced in one quarter. It also represents a 49%...
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July 08, 2015, 06:00 AM
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GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, announced the signing of a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. GE Capital has...
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July 07, 2015, 07:00 AM
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American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.1% in May, following a revised loss of 1.4% during April. In May, the index equaled 132.1 (2000=100). The all-time high is 135.8, reached in January...
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July 06, 2015, 06:00 AM
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Class 8 net orders were just over 20,500 units in May, while Classes 5-7 posted 19,900 net orders. These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5...
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June 19, 2015, 07:00 AM
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GE Capital, Canada announced the signing of a commercial agreement with Shell Canada Products (Shell) with a view to facilitate the trucking industry’s adoption in Canada of liquefied natural gas (LNG), a cleaner-burning, less expensive fuel.Under...
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May 29, 2015, 07:15 AM
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Trailer net orders in April, at 18,000 units, slid 22% versus March, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The fact that net orders are down y/y for the third consecutive month will...
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May 26, 2015, 07:02 AM
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BAM Worldwide announced the availability of a specialty asset-based lending platform for motor carriers following the successful debut of BAMwire™ in the freight brokerage and logistics industry.Slow-paying customers and slim operating margins are a...
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May 19, 2015, 07:12 AM
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ACT Research has published the inaugural issue of The "Natural Gas Quarterly" to give quick insights to anyone with an interest in the evolution of the adoption of natural gas for the heavy duty transportation industry. The inaugural issue of this...
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May 18, 2015, 07:05 AM
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Fleet Financing Resources (FFR) announced that they have renewed their vendor program financing agreement with Wells Fargo Equipment Finance Inc. (WFEFI). Initiated in 2003, funded volume of the program exceeds $210 million; the renewal also...
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May 14, 2015, 07:02 AM
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Trailer net orders in February, at 20,700 units, were down nearly 31% from January and off 30% year over year. These results were published in the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The story hasn’t...
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March 27, 2015, 06:00 AM
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Class 8 net orders were just over 31,100 units in January (up 7% y/y) and Classes 5-7 posted 19,700 net orders (up 2% y/y). These results were published in the latest State of the Industry report, recently released by ACT Research Co. (ACT). The...
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March 20, 2015, 06:18 AM
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.2% in January, following a revised gain of 0.1% during the previous month. In January, the index equaled 135.7 (2000=100), an all-time...
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February 25, 2015, 06:30 AM
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NationaLease, one of the largest full service truck leasing organizations in North America, has named Victoria Kresge Vice President of Dedicated Services, reporting to Joe Gallick, Senior Vice President of Sales. In this position, she will be...
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February 20, 2015, 07:00 AM
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Penton, North America’s largest privately held professional information services company, today introduced a new API store, continuing its focus on user workflow tools.“This is an exciting time to be in the data and information industry. We are...
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January 29, 2015, 07:07 AM
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Nearly 44,000 net orders were posted in December, the second strongest month on record for the trailer industry, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). For total year 2014, net orders...
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January 28, 2015, 07:00 AM
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TAB Bank provided $9.5 million in trucking equipment loans for 20 transportation companies during the 4th quarter of 2014. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck...
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January 13, 2015, 06:45 AM
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Demand for commercial vehicles was healthy in December as 65,700 total NA Classes 5-8 orders were booked, up 41% from a year ago. Over the past twelve months, NA Classes 5-8 net orders have totaled 602,300 units – an average of more than 50,000...
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January 08, 2015, 07:03 AM
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Demand for commercial vehicles was healthy in November as 58,500 total NA Classes 5-8 orders were booked, up 48% from a year ago. Over the past twelve months, NA Classes 5-8 net orders have totaled 583,200 units, representing the strongest 12-month...
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December 03, 2014, 06:09 AM
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September saw a continuation of a strong order season for the trailer industry, with 32,194 net orders placed, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“The pace of orders continues to...
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October 27, 2014, 07:12 AM
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Diversified Transportation Finance has announced a new campaign to support trucking companies across the country. Diversified Transportation Finance will now pay the basic membership dues for their customers to be members of the state trucking...
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October 27, 2014, 07:10 AM
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TAB Bank announced it provided $11.3 million in trucking equipment loans for 22 transportation companies during the 3rd quarter of 2014. Based in different regions of the country, these companies represent a broad spectrum of trucking entities...
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October 10, 2014, 06:30 AM
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Bloomberg reported that liquefied natural gas will gain a “significant” market share in the transport sector by 2035, according to the International Center for Natural Gas Information.According to the Bloomberg report, demand from road transport...
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September 29, 2014, 06:00 AM
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6% in August, following a gain of 1.5% the previous month. In August, the index equaled 132.6 (2000=100) versus 130.5 in July. August’s index is the...
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September 24, 2014, 06:00 AM
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For the second month in a row, Class 8 orders surprised on the high side in July, with net orders of 30,103. Classes 5-7 net orders also posted a gain in July, coming in at 15,834 units. These results were published in the latest State of the...
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August 22, 2014, 06:30 AM
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June net orders of 22,000 were off 1% month over month, but up 42% year over year. Year-to-date net orders of 156k are up 45% over the same period last year. This information was included in the most recent State of the Industry: U.S. Trailers...
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July 24, 2014, 06:15 AM
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The volume of used Class 8 trucks sold in May dropped 12% below April’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “The volume drop was expected, since sales usually...
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June 26, 2014, 06:00 AM
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According to a Transport Topics article, truck manufacturers generally agreed with their projections from a year ago that the natural-gas, heavy-duty truck market would reach 10% by 2020 at ACT Expo.The Transport Topics article quotes Robert Carrick...
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May 08, 2014, 06:50 AM
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TAB Bank announced it has provided a $5.7 million asset-based credit facility for a transportation company located in the Southeast. The company operates a fleet of approximately 100 tractors and 115 trailers and is primarily a truckload refrigerated...
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April 24, 2014, 06:00 AM
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FTR has released their 2014 forecast for the U.S. Trailer Market segmented by trailer type. FTR, for the first time, presents their quarterly trailer forecast individually for dry van, reefer van, flatbed, liquid tank, dry tank, dump, low bed and...
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February 24, 2014, 06:56 AM
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Transport Capital Partners (TCP) survey results in a recent TruckingInfo.com article show improving conditions in the industry, but also some cause for hesitancy. According to the article, the steady growth of the economy is producing increasingly...
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January 20, 2014, 06:55 AM
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Bloomberg reports that YRC Worldwide Inc., a U.S. trucking company that averted bankruptcy in 2011, is seeking $1.15 billion in loans to refinance debt, according to a person with knowledge of the transaction. According to the Bloomberg report...
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January 08, 2014, 06:30 AM
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TAB Bank provided $4.7 million in equipment loans for 27 trucking companies during the 4th quarter for 2013. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck...
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January 08, 2014, 06:00 AM
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Daimler Trucks said is about to reach its sales target for 2013 and to deliver more trucks than in any year since 2006. Despite having to contend with a comparatively difficult market environment, the company said it benefited from its global...
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December 31, 2013, 07:01 AM
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Used commercial vehicle registrations during the first nine months of the 2013 calendar year were up just under eight percent over the same period last year, according to Polk. Nearly 527,500 used commercial registrations were recorded during the...
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December 30, 2013, 07:00 AM
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Union Leasing announced the recent acquisition of the Warminister, PA-based, privately-held company, Express 4 x 4 Truck. Express provides outsourced management and transportation solutions to companies requiring reliable, full-size power vehicles to...
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December 09, 2013, 06:50 AM
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PHH Arval announced that Michael Quimby has been promoted to senior vice president of U.S. sales, where he will oversee a larger and enhanced sales team that will leverage the combined experience of PHH Arval's core fleet and truck organizations. In...
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November 22, 2013, 07:01 AM
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GE Capital's Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets...
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October 22, 2013, 06:59 AM
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The Q3 2013 Wells Fargo Equipment Finance Trucking Quarterly says the trucking industry is continuing its long haul toward full economic recovery. According to the report, orders of class 8 trucks stalled slightly over the summer, but as the economy...
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October 09, 2013, 06:52 AM
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Nearly 15,400 net trailer orders were received in June, up 7% from May. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research Co. (ACT).“June’s cancellation rate was only half of...
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July 26, 2013, 06:57 AM
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FTR's Trucking Conditions Index (TCI) for May as reported in the July 2013 Trucking Update at 12.4 is unchanged from the previous month continuing to reflect a positive environment for trucking. The TCI is designed to summarize a full collection of...
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July 15, 2013, 06:57 AM
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American Trucking Associations released the latest edition of U.S. Freight Forecast to 2024, which projects an overall increase in freight volumes for all modes of more than 20% and an increase in the amount of that freight moved by trucks. The...
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June 27, 2013, 07:00 AM
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According to GE Capital's Spring 2013 Truck Transportation Research Update, public carrier earnings during Q1 2013 were generally positive and driven by rising freight volume coupled with moderating fuel costs. However, the reports cites the fact...
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June 04, 2013, 06:50 AM
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Forty-four percent of fleet managers cited maximizing productivity as their primary concern in managing their company’s truck fleet, according to a recent survey conducted by GE Capital Fleet Services.Highlighting fleet managers’ increased focus on...
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May 14, 2013, 07:00 AM
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Red Classic Services has partnered with Fleet Advantage, a leading innovator in truck fleet business analytics and equipment financing to achieve optimum performance in Red Classic’s fleet operations. The goal: To maximize fuel economy, reduce...
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May 13, 2013, 07:05 AM
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CIT Group Inc. announced that CIT Corporate Finance provided a $20 million senior secured loan to Mesilla Valley Transportation (MVT), one of the largest locally-owned transportation providers in Western Texas and Southern New Mexico. The financing...
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May 09, 2013, 07:05 AM
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The Spring Trucking Report released from TAB Bank is showing signs of renewed economic growth according to monthly truck tonnage, fuel costs, perceived business conditions, invoice size, and industrial production. Historically, trends in trucking and...
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April 30, 2013, 07:01 AM
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According to a report from Commercial Carriers Journal (CCJ), business conditions in trucking were improved in March over February, according to the latest Randall-Reilly MarketPulse survey of trucking conditions. The reports cites that 53% of the...
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April 22, 2013, 07:10 AM
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FTR’s Trucking Conditions Index (TCI) for February as reported in the April 2013 Trucking Update reflected an increasingly improving outlook for trucking with another month-over-month increase of 2+ points to a reading of 12.9. The upward movement of...
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April 15, 2013, 07:04 AM
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N.A. Class 8 net orders were above 20,000 units for a sixth consecutive month in March, but fell below February’s intake. Classes 5-7 net orders were down month over month and year over year. The final numbers, which will be released mid-April, will...
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April 04, 2013, 07:00 AM
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According to the Wells Fargo Equipment Finance Q1 2013 Trucking Quarterly, the headwinds faced by the transportation industry in 2012 will continue in 2013.Jon Eide, National Sales Manager, of Wells Fargo Equipment Finance Commercial Vehicle Group...
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March 20, 2013, 02:29 PM
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FTR’s Trucking Conditions Index (TCI) for January as reported in the March 2013 Trucking Update jumped 2.2 points from the previous month to a new reading of 10.6. The upward trend in the TCI reflects improved freight growth and expectation for...
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March 19, 2013, 07:04 AM
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North America heavy duty GVW Class 8 preliminary net orders for February rose sequentially and year-over-year, narrowly besting October 2012 to reach their highest reading since January 2012, while medium duty orders exhibited strong growth. The...
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March 07, 2013, 07:02 AM
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FTR’s Trucking Conditions Index (TCI) for December as reported in the February 2013 Trucking Update came in with a reading of 8.38 reflective of the current good environment for truckers. By mid-2013 the TCI is expected to rise significantly, caused...
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February 11, 2013, 07:00 AM
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CIT Group announced that it arranged a $50 million senior secured term loan to Avenel, NJ-based Dana Transport, one of the transport industry’s leading carriers and servicing companies. CIT Capital Equipment Finance served as Lead Arranger, Sole Book...
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February 05, 2013, 07:15 AM
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The Winter Trucking Report released from TAB Bank is showing signs of a slow and steady economic recovery according to monthly truck tonnage, fuel costs, perceived business conditions, and invoice size. Historically, trends in trucking and...
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January 31, 2013, 07:00 AM
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Truckinginfo reported that carriers will continue to be very conservative in replacing their fleet equipment over the next twelve months, according to the Fourth Quarter 2012 Business Expectations Survey from Transport Capital Partners. According to...
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January 28, 2013, 07:22 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.8% in December after surging 3.9% in November. (The 3.9% gain in November was revised from a 3.7% increase ATA reported on December 18...
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January 23, 2013, 06:59 AM
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According to the Wells Fargo Equipment Finance Q4 2012 Trucking Quarterly, growth in the trucking industry is expected to remain at a sub-par pace over the next two quarters as the fiscal cliff negotiations heat up. According to the report, Sam...
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December 13, 2012, 07:48 AM
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The revenue outlook for truck leasing firms is undergoing a shift as truck operators begin to re-assess the economics of long-term leasing opportunities, according to Fitch Ratings. Demand for short-term commercial truck rentals has been relatively...
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December 11, 2012, 07:24 AM
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American Trucking Associations Chief Economist Bob Costello told fleet executives that freight volumes continue to be varied, depending on the sector and trucking’s outlook will be cloudy in the months ahead.
“As far as freight volumes, the trucking...
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October 10, 2012, 08:01 AM
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FTR’s Trucking Conditions Index (TCI) for August, as reported in the October 2012 Trucking Update published October 1, rose 1.4 points from July to a reading of 5.8. The index has been in mildly positive territory, but without clear direction, since...
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October 04, 2012, 07:17 AM
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Truckinginfo reported the number of carriers expecting to add little or no capacity in the next 12 months has remained fairly constant at around 70-74% for the last five quarters, according to Transport Capital Partners' Third Quarter 2012 Business...
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October 03, 2012, 07:30 AM
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Energy 1 Corporation announced it has acquired Master Lease of Delaware, a truck & trailer leasing business based in Henderson, Colorado.
Master Lease's customer base consists primarily of owner-operators and small trucking companies who haul for...
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October 03, 2012, 06:52 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index contracted 0.9% in August after increasing 0.4% in July. (July’s gain was better than the no change ATA reported on August 21.) In August, the SA index...
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September 26, 2012, 06:37 AM
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The Fall Trucking Report released from TAB Bank is showing signs of steady growth according to monthly truck tonnage, fuel costs, perceived business conditions, and invoice size. Historically, trends in trucking and transportation serve as good...
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September 25, 2012, 07:16 AM
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According to the Wells Fargo Equipment Finance Trucking Quarterly Report for Q3 2012, improved performance in new home construction should help support growth in the transportation industry during the second half of the year. The report states that...
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September 19, 2012, 07:34 AM
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GE Capital Fleet Services today announced the appointment of Kristi Webb as president and chief executive officer. Webb replaces Clarence Nunn, who was recently appointed chief commercial officer for GE Capital, Americas. Webb was previously General...
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September 11, 2012, 06:44 AM
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According to an article posted on Truck News, Mark Lampert, senior vice-president, sales and marketing with Freightliner admitted Class 8 order activity has slowed beyond expectations, but stated the company maintains an optimistic outlook for the...
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August 13, 2012, 06:28 AM
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FTR’s Trucking Conditions Index for June, as reported in the August 2012 Trucking Update, continued its downward trend, declining a half point from May to a reading of 4.5. This was weaker than initial expectations. The current economy continues to...
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August 09, 2012, 07:28 AM
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North America heavy duty GVW Class 8 commercial vehicle preliminary net orders for July, as reported by ACT Research Co., LLC, were below trend, while Classes 5-7 net orders bounced back above the long run order trend. The final numbers, which will...
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August 03, 2012, 07:00 AM
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Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America announced results for the second quarter ended June 30, 2012. The Company's net income for the quarter was $17.4 million compared with net...
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July 27, 2012, 07:13 AM
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PACCAR reported increased revenues and net income for the second quarter of 2012,” said Mark Pigott, chairman and chief executive officer. “PACCAR’s second quarter results reflect the benefits of higher truck sales in North and South America and good...
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July 25, 2012, 07:20 AM
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The Summer Trucking Report released from TAB Bank is showing broad signs of growth according to monthly truck tonnage, fuel costs, perceived business conditions, and invoice size. Historically, trends in trucking and transportation serve as good...
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July 25, 2012, 06:28 AM
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In the Class 8 market, weak orders persisted through June, while activity in the Classes 5-7 markets remained generally unchanged. This updated status of the North America commercial vehicle market was included in the State of the Industry report...
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July 23, 2012, 07:00 AM
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After a significant dip during the Great Recession, and a mild economic recovery, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations’ U.S. Freight...
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July 10, 2012, 06:40 AM
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The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month over month, but 3% above the average price in May 2011. On a year-to-date basis, prices remained 13% above last year’s pace. The update on the used...
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June 27, 2012, 07:00 AM
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According to the Wells Fargo Equipment Finance Trucking Quarterly Q2 2012 report, truck orders have been weak so far this year reflecting the sluggish environment. Citing rising fuel costs, higher truck prices, election and policy uncertainty and the...
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June 08, 2012, 07:45 AM
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FTR Associates has released preliminary data showing May Class 8 truck net orders at 17,650 units, a modest upturn after four months of decline. Preliminary order numbers are for all major North American OEMs. May orders were only up 5% from a weak...
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June 06, 2012, 06:30 AM
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Forty-six percent of fleet managers cite cost savings as the primary focus of executive management as it relates to their company’s fleet operations, according to a recent survey conducted by GE Capital Fleet Services. This was followed by on-time...
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May 25, 2012, 06:30 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in April after increasing 0.6% in March. (March’s gain was more than the preliminary 0.2% increase ATA reported on April 24.) The latest...
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May 24, 2012, 07:00 AM
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According the Polk Quarterly Commercial Vehicle Report for March, new commercial vehicle registrations for Class 3-8 vehicles for the first quarter of the 2012 calendar year were 129,755 units, representing a 26.6% increase over same period of 2011....
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May 23, 2012, 07:15 AM
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Transport Topics reported Volvo AB’s North American truck deliveries rose 39% in April from a year ago. According to the report, sales for its Volvo and Mack brands improved to 4,712 trucks, from 3,388 a year ago, Sweden-based Volvo said in a...
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May 17, 2012, 07:00 AM
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ACT Research in its May issue of the ACT N.A. Commercial Vehicle OUTLOOK continues to believe that U.S. economic activity in 2012 will expand at a moderate pace of 2.2% with slow employment growth acting as a brake on more robust growth. Inflationary...
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May 14, 2012, 07:00 AM
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North America medium and heavy duty GVW Classes 6-7 and Class 8 commercial vehicle preliminary net orders for April were down from March as reported by ACT Research Co., LLC (ACT). The final numbers, which will be released mid-May, will approach...
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May 04, 2012, 06:30 AM
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According to the IBISWorld report on the Truck Trailer Manufacturing industry, the truck trailer manufacturing industry’s revenue is expected to grow during the five years to 2017 as firms will have to adapt to new technologies that make truck...
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May 03, 2012, 07:00 AM
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Used Class 8 truck pricing slipped for the second consecutive month in March. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Prices are not...
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April 27, 2012, 07:00 AM
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Net orders for trailers fell 11% month-over-month in March, but for the quarter were almost identical to orders in Q1 2011. This update on industry performance was reported in the latest State of the Industry: U.S. Trailers published by ACT Research...
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April 26, 2012, 06:30 AM
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.2% in March after increasing 0.5% in February. (February’s rise was unchanged from the preliminary gain reported on March 27th.) The SA index...
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April 25, 2012, 07:00 AM
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Class 8 new and net orders of 22,038 and 20,025 units, respectively, were the lowest order volume since last July. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released...
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April 23, 2012, 06:30 AM
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The release of the 2012 edition of ATA American Trucking Trends by American Trucking Associations, now available for sale through ATA Business Solutions, shows that trucking continues to be the dominant mode of freight transportation and an integral...
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April 18, 2012, 08:00 AM
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ACT Research has maintained its forecasts in the latest issue of the ACT North American Commercial Vehicle OUTLOOK. “The economy and commercial vehicle demand are both generally in line with expectations,” said Kenny Vieth, ACT’s president & senior...
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April 12, 2012, 06:00 AM
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According to a report from thetrucker.com, carriers are less hesitant than in Q4 2011 to purchase equipment according to the Transport Capital Partners 1st Quarter 2012 Business Expectations Survey.The report indicates that in November of 2011, 73%...
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April 06, 2012, 08:00 AM
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North America medium and heavy duty GVW Classes 5-7 and Class 8 commercial vehicle preliminary net orders for March were reported today by ACT Research Co., LLC (ACT). The final numbers, which will be released mid-April, will approach 20,000 units...
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April 04, 2012, 07:00 AM
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American Trucking Associations President and CEO Bill Graves called on Congress to swiftly adopt a proposal introduced by Reps. Jim Gerlach (R-Penn.) and Earl Blumenauer (D-Ore.) to repeal the 12% federal excise tax on large trucks and replace it...
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April 04, 2012, 06:45 AM
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