Equipment Class 8 orders plummet, but market remains ‘strong’: FTR December 5, 2022 Class 8 truck orders plummeted to 34,300 units in November, according to preliminary data from industry forecaster FTR, well off the 56,000 ordered in September. However, while orders have slid…
Equipment Trailer orders surge as OEMs comfortable taking more orders November 18, 2022 Fears of a recession are not dampening fleet demand for commercial trailers. ACT Research reported preliminary orders of 46,750 units in October, up 82% from September levels and a 168%…
Equipment Pent-up demand for new trucks remains strong November 3, 2022 Class 8 truck orders remained elevated in October, at 43,200 units according to preliminary data from FTR. That was down 23% from September but up 77% year over year. Industry…
Business Management September a “sensational” record month for Class 8 orders October 5, 2022 Truck orders surged to record levels in September, according to preliminary data from industry forecasters. FTR reported a record 56,500 Class 8 orders while ACT Research reported 53,700. FTR says…
Business Management Trailer orders rise as backlog-to-build ratio improves September 20, 2022 Trailer orders rose 6% in August to 17,700 units, according to preliminary data from ACT Research, but were up a more significant 39% year over year. “With 2023 order boards…
Business Management 7 things to know about the commercial vehicle market September 13, 2022 Industry forecaster FTR has the unenviable job of trying to predict where the commercial vehicle markets are heading, when even those who build the trucks are uncertain about what the…
Business Management Fleets of all sizes struggling with equipment procurement September 13, 2022 If you think the large fleets were given preferential treatment when manufacturers allocated new trucks over the past couple years, think again. Paul Higgins, purchasing representative for 8,000-truck fleet Prime…
Equipment Class 8 orders rebounded in August September 6, 2022 Class 8 orders bounced back to 21,600 units in August, according to preliminary data from ACT Research. “Last month, we sounded a note of caution, with the caveat that there…
Equipment Cummins closes Meritor acquisition August 3, 2022 Cummins has completed its US$3.7-billion acquisition of Meritor, strengthening its ePowertrain portfolio and opening new opportunities supplying the industry with components such as axles and brakes. “We are excited to…
Equipment Work truck shipments to ramp up as parts shortages alleviated July 22, 2022 Classes 7 and 8 tractor sales in Canada are expected to end the year down about 15% at 15,598 units, according to a North American Commercial Vehicle Business Update from…
Business Management Labor, equipment shortage and Driver Inc. top executives’ concerns June 1, 2022 An inability to procure new equipment, the labor shortage, and the ongoing Driver Inc. business model are the top issues facing Canadian fleet executives, according to a new Nanos survey.
Equipment Meritor acquires Siemens’ Commercial Vehicles business May 24, 2022 Meritor has announced an agreement to acquire Siemens’ Commercial Vehicles business for about US$203.5 million in cash. The deal is expected to wrap up by year end, and has the…
Equipment Trailer orders steady in February March 14, 2022 Trailer orders were steady in February at 26,500 units, according to preliminary data from ACT Research. That marks three consecutive months of steady orders and was down 0.7% from January,…
Equipment Ritchie Bros. sets record as used equipment prices soar December 16, 2021 Ritchie Bros. says if completed a record-breaking year in Ontario, drawing in $44 million in sales at its Toronto auction last week. More than 8,500 online bidders took part in…
Equipment Trailer orders bounce as OEMs open more ’22 build slots December 13, 2021 Trailer orders bounced back in November to 32,000 units as manufacturers became more comfortable taking 2022 orders. That marked an 89% increase from October, but was down 23% year over…
