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…
Business Management Class 8 orders plummet, but not due to slowing demand December 6, 2021 New truck orders plummeted in November, but not because demand for new equipment has waned. Preliminary Class 8 orders totaled 9,500 units according to FTR, down 41% from October levels…
Business Management Trucking companies experiencing an “everything” shortage: ACT Research December 1, 2021 Trucking capacity remains “range-bound” according to the latest Commercial Vehicle Dealer Digest report from ACT Research, as fleets experience a shortage of “everything.” “While the focus is on silicon and…
Business Management Trailer orders slump in October as OEMs remain cautious in taking orders November 16, 2021 Trailer orders fell 40% in October, and were down 70% year over year, according to preliminary data from ACT Research. The industry forecaster says trailer manufacturers continue to be slow…
Equipment Trailer orders spike in September but OEMs remain cautious October 22, 2021 Trailer orders more than doubled in September, to just more than 28,000 units, as some manufacturers began taking orders for 2022. ACT Research reported 28,127 units, up 126% from August…
Equipment Class 8 order pullback due to lack of supply, not diminishing demand October 5, 2021 FTR reported preliminary Class 8 orders of 28,100 units in September, down 29% from August and 12% year over year. However, the industry forecaster says the pullback is due to…
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…
