Trailer orders nosedived in September, according to preliminary data from FTR, dropping 25% from August levels and down 56% year over year. Orders totaled 12,500 units, however, FTR notes manufacturers are still working through backlogs and are carefully managing production as component shortages continue to be an issue. “In the retail market, dealerships still can’t […]
Ritchie Bros. is reporting a 17% increase in the prices for Canadian used truck tractors during the three months ending in September, compared to the same time frame last year. While prices of used vocational trucks also rose during the same time period, they were up 6%. “There is still ongoing price inflation in the […]
U.S. for-hire truck tonnage grew 0.5% in September, according to the American Trucking Associations (ATA), boosting levels to the third-highest level ever and the best since August 2019. The latest gain came on the heels of a 2.1% increase in August. “This is another example of how the contract freight market remains strong despite […]
Class 8 natural gas truck sales in the U.S. and Canada are up 18% through August compared to the same period last year, ACT Research reports. But while retail sales are rising, fueling infrastructure is contracting, the industry analyst reported in its Alternative Fuels Quarterly. “Sales of natural gas (NG)-powered vehicles, as reported by the […]
