Equipment Strong pricing at most recent Ritchie Bros. auction September 13, 2021 Ritchie Bros. sold more than 8,100 pieces of equipment last week at an Edmonton-based auction. There were 15,200 online bidders from 62 countries registered at the company’s fourth Edmonton auction…
Transportation ‘Red tag’ inventories grow as truck and trailer makers struggle to meet demand September 10, 2021 “We’re in catch-up mode and we’re going to be in catch-up mode for a while.” That’s how Don Ake, vice-president – commercial vehicles for industry forecaster FTR characterizes the current…
Business Management Truck orders surge as OEMs open 2022 order boards September 3, 2021 Class 8 truck orders came in at 39,400 units in August, according to preliminary data from FTR, which was a 51% spike from July and up 91% year-over-year. FTR attributes…
Equipment Used truck prices continue to rise: Ritchie Bros. August 17, 2021 Used truck prices continue to rise in Canada, according to the latest market update from auctioneer Ritchie Bros. In the second quarter, truck tractor prices sold by Ritchie Bros. in…
Equipment Medium-duty orders surge to sixth best month ever: ACT August 4, 2021 Class 8 orders were flat in July at 25,800 units, according to preliminary data from ACT Research, but medium-duty orders jumped 30%. The 30,200 Classes 5-7 orders were up 70%…
Equipment Canada’s work truck market continuing to recover July 20, 2021 Canadian sales of Classes 7 and 8 tractors are up 35% year-to-date, but expect that to end the year at about a 15% increase now that the easier year-over-year comparables…
Equipment Trailer orders soft in June, but records may be set in months ahead July 14, 2021 June trailer orders remained soften June at 11,100 units according to preliminary data from ACT Research. That’s a 20% increase from May but 19% off last June. “While the sequential…
Equipment June Class 8 orders jump 11% July 5, 2021 Class 8 truck orders jumped 11% in June, to 25,700 units, according to preliminary data from ACT Research. They were up 61% year-over-year, compared to the Covid-impacted intake in 2020.
Equipment Trailer orders drop, reflecting lengthy backlogs June 14, 2021 Trailer orders fell 39% to 8,800 units in May, according to preliminary data from ACT Research, reflecting lengthy backlogs extending into next year. “The sequential decline in net orders was…
Equipment Class 8 orders slow as 2021 build slots fill June 4, 2021 Class 8 orders cooled in May, reflecting the filling of build slots this year and OEMs’ reticence to begin taking orders for 2022. FTR reports preliminary figures of 23,600 Class…
Business Management Truck, trailer and freight demand all to remain strong: FTR June 3, 2021 “We need trucks on the road, the market is desperate for trucks, and we can’t get them.” That was how Don Ake, vice-president – commercial vehicles with industry forecaster FTR…
Equipment ABS Trailers expands Quebec manufacturing facility May 19, 2021 ABS Trailers has expanded its manufacturing capabilities in Val-des-Sources, Que. The company, which manufactures live bottom trailers, purchased a building and land adjacent to its existing operations. Charles Dutil, president…
Equipment OEMS struggling ‘to turn orders into trucks’ amid supply shortages: ACT Research May 19, 2021 Class 8 orders marked a seven-month low in April, a reflection of a full 2021 backlog rather than diminishing demand, ACT Research reported. “As we’ve said for some time, commercial…
Equipment Trailer orders decline as build slots fill up May 18, 2021 Trailer order activity cooled in April, with ACT Research reporting preliminary orders of 14,400 units – less than half of March’s volume – but blamed it on lack of supply,…
Equipment Trailer orders rise in March, 2021 order boards nearly full April 14, 2021 U.S. trailer orders rose 6.4% in March to 27,400 units, according to preliminary data from FTR. The industry analyst says a few large dry van fleets increased 2021 orders, while…
