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Forecast

CNG, LPG Vehicle Market to Grow 10% a Year by 2022

The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) market is expected to grow by more than 10% a year over the next six years due to the increase in population and urbanization, a growing demand for passenger and commercial vehicles, and stringent emission control regulations, according to a new forecast.

Class 3-6 Truck Forecast: Operating Costs Stable

Although the largest operating cost continues to be fuel, the No. 1 challenge facing medium-duty truck fleets is cost containment. There is always pressure to reduce costs, but management is exerting even more pressure than in recent years.

Diesel Prices Forecast to Move Lower in the Short-Term

Despite the first upturn since November in average diesel prices this week, expect prices to move slightly lower at least for a while longer, according to the U.S. Energy Department and its latest Short-Term Energy Outlook released on Wednesday.

DOE: Diesel to Average $2.85 in 2015

In the wake of diesel prices falling from an average of more than $4 per gallon nearly a year ago the U.S. Energy Department's Energy Information Administration has lowered its price forecast from last month’s prediction.

Class 4 to Grow 3 Percent In 2014

The Class 4 truck market now dominated by low-cab forward trucks used primarily for urban delivery and landscaping jobs should grow 3 percent in 2014 and reach about 12,000 new vehicles registered for commercial use, ACT Research told Work Truck magazine.