Equipment

Economy

1  -  25  of  39

April 20, 2018 - Industry News

First Quarter 2018 Truck Orders Hit 12-Year High

In 2018 through March, truck orders have hit the second highest level ever, beaten only by the pre- EPA 07 regulation ordering boom in 2006.

Truck orders in the first quarter of 2018 hit the second highest mark in history and mark the best period for orders since 2006, according to ACT Research.

Tags: Economy, Truck Sales, ACT Research, Truck Orders

April 13, 2018 - Industry News

March Maintains Trailer Order Momentum

Trailer orders fell in March but remained at the highest levels recorded since 2014. Photo: Stoughton Trailers

Early reports from FTR on trailer order activity for March show that while orders declined by 16% from the month before, they remain historically strong.

Tags: Economy, FTR, Freight Capacity, Trailer Orders

March 26, 2018 - Industry News

Mack: Labor Shortages Potentially Harmful to Continued Growth

Mack says long-haul spec'd highway tractors have made up 40% of its truck builds so far in 2018. Photo: Jim Park

Jonathan Randall, Mack senior vice president, worries about who will drive all the trucks his company is building today.

Tags: Economy, Technician Shortage, Mack Trucks, Driver Shortage, Technician Training, MATS

March 16, 2018 - Industry News

Trailer Orders Fall but Remain Historically High

February was the fifth consecutive month that trailer orders broke the 30,000 unit mark. Photo: Stoughton

Trailer orders are expected to hit 32,000 units in February, a number that, if it holds true, would be a record for that month, according to preliminary reports from FTR.

Tags: Economy, Trailers, FTR, Capacity, Trailer Orders

June 19, 2017 - Industry News

Improved Freight Demand Could Increase Equipment Purchases

Source: FTR

FTR’s Trucking Conditions Index showed improving freight demand while ACT Research's For-Hire Trucking Index indicated that fleets were looking to buy new equipment.

Tags: Economy, ACT Research, Freight, FTR, Trucking Conditions Index

May 12, 2017 - Industry News

For-Hire Trucking Index Shows 7th Straight Positive Reading

Following a three-year high in the previous month, April’s volume grew slower, according to the latest release of ACT Research’s For-Hire Trucking Index.

Tags: Economy, Truck Sales, ACT Research

March 27, 2017 - Industry News

Optimism Spurs Increased Heavy-Duty Truck Sales Predictions

Photo: Deborah Lockridge

There was a sense of optimism in the air at the Mid-America Trucking Show in Louisville, Kentucky, last week. As truck makers and suppliers made their presentations to the trucking press, many said thanks to solid economic indicators, truck orders are higher than they would have predicted just three to six months ago.

Tags: Economy, Class 8, Truck Sales, MATS

November 17, 2016 - Industry News

Earnings Watch: Patriot Profit Higher, Others Mixed

Third-quarter financial reports from fleets and equipment makers continue to reflect a tepid freight environment.

Tags: Patriot Transportation, Cummins, Cummins Westport, Westport, Fleet Earnings, Quarterly Earnings, Economy, Radiant Logistics

July 26, 2016 - Industry News

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.

Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings

July 21, 2016 - Industry News

Earnings Watch: Daimler Profit Rises 3%, Dana Earnings Fall

Car and truck maker Daimler AG reported a slight increase in its second quarter profit, but it expects significantly lower truck sales for this year. Meanwhile, one supplier is feeling the effects of the slowing North American commercial vehicle market.

Tags: Economy, Detroit Diesel, Freightliner, Western Star, Dana Holding Corp., Daimler, Earnings, Daimler Trucks North America

July 20, 2016 - Industry News

Mack Weathering Sales ‘Correction’ Well, President Says

Photo: Mack Trucks

Moderating new truck production and trade-ins have avoided layoffs and a greater glut of used trucks on dealers' lots, Dennis Slagle says.

Tags: Economy, Truck Sales, Mack Trucks

July 19, 2016 - Industry News

Earnings Watch: Volvo Says Net Profit Falls, Announces Fine in EU Probe

The Swedish parent to truck brands Volvo, Mack and others reported its second quarter profit slid from a year ago due to lower sales in many parts of the world and has downwardly revised its expectations in North America.

Tags: Volvo, Economy, Volvo Trucks, Earnings, European Union, Global

June 24, 2016 - Industry News

Trailers Orders Down 14% in May

Trailer orders fell nearly 14% month over month in May, coming close to earlier projections for a seasonal slowdown.

Tags: Economy, Trailers, ACT Research, Freight, Trailer Orders

June 6, 2016 - Industry News

Daimler Trucks to Cut 1,240 Jobs

DTNA has announced a workforce reduction across its North American production facilities, laying off about 1,240 workers in response to sustained reductions in truck orders.

Tags: Economy, Layoffs, Truck Orders, Daimler Trucks North America

May 3, 2016 - Industry News

Earnings Watch: Accuride Losses Widen, Cummins Profit Declines

Lower North American truck sales led to lower financials compared to a year ago for two Indiana-based companies.

Tags: Economy, Cummins, Accuride, Earnings

April 27, 2016 - Industry News

Wabash National Profit Soars Nearly 163% from Year Ago

Photo: Wabash National

Setting new records in a variety of different categories allowed trailer manufacturer Wabash National Corp. to report more than doubled first quarter profit over a year ago.

Tags: Economy, Trailers, Earnings, Wabash National

April 22, 2016 - Industry News

Earnings Watch: Daimler, Volvo Profits Lower Amid Slower Truck Sales

Earnings for two of the world’s largest truck makers moved lower in the first quarter, according to earnings reports issued Friday.

Tags: Volvo, Economy, Volvo Trucks, Freightliner, Western Star, Truck Sales, Mack Trucks, Daimler, Earnings, Daimler Trucks North America, Global

April 21, 2016 - Industry News

Earnings Watch: Lower Truck Sales Hit Dana, Rush Enterprises' Profits

A truck component manufacturer and one of the nation’s largest truck dealer networks continue the trend of many businesses reporting lower first quarter earnings as truck sales are down from a year ago.

Tags: Economy, Truck Sales, Aftermarket, Dana Holding Corp., Rush Enterprises, Dana Spicer

March 8, 2016 - Industry News

Earnings Watch: Navistar Losses Decline, Hit $33 Million

Truck and engine manufacturer Navistar International Corp. on Tuesday surprised many analysts with its announcement that it narrowed its losses more than expected during its most recent fiscal quarter.

Tags: Economy, Navistar, International Trucks, Earnings

February 18, 2016 - Industry News

Earnings Watch: Dana Reports $82 Million Loss

Dana Holding Corp. moved from a profit to a loss in the fourth quarter of last year, as sales turned lower and it felt the effects of a strong U.S. dollar on overseas operations.

Tags: Economy, Dana Holding Corp., Quarterly Earnings

February 10, 2016 - Industry News

Earnings Watch: Forward Air, Rush Enterprises

A record-setting fourth quarter for trucking company Forward Air Corp. has it looking forward to a banner 2016, while Rush Enterprises is cost-cutting to compensate for the low truck sales in the energy sector in 2015.

Tags: Economy, Equipment, Truck Sales, Rush Truck Centers, Rush Enterprises, Forward Air, Fleet Earnings

February 5, 2016 - Industry News

Earnings Watch: Volvo Earnings Improve

Martin Lundstedt, president and CEO Photo: Tommy Holl

The parent company to Volvo, Mack and other truck brands is back in the black, according to earnings reports released Friday, but it plans to cut U.S. production as it nears the end of a four-year cost cutting plan.

Tags: Economy, Volvo Trucks, Quarterly Earnings, Global

February 4, 2016 - Industry News

Earnings Watch: Cummins Profit Sinks, Daimler Soars

Profit for engine maker Cummins fell sharply in the final quarter of last year due to lower global demand, leading it to scale down plans for its new light-duty engines in North America, while Daimler AG saw record profits for 2015,

Tags: Economy, Cummins, Daimler, Earnings, Daimler Trucks North America, Global

February 3, 2016 - Industry News

Earnings Watch: Meritor, Eaton, Wabash National, ArcBest, C.H. Robinson

Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.

Tags: Economy, Eaton, Meritor, ABF, Wabash National, C.H. Robinson, ArcBest Corp., Fleet Earnings

November 2, 2015 - Industry News

Fleets Expected to Match 2015 Equipment Orders Next Year

As many as 76% of fleets expect their upcoming heavy-duty truck orders to match what was purchased in 2015, with a few fleets planning an increase.

Tags: Economy, Survey, Truck Orders, Trailer Orders

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