News
Record-high spot rates cap robust first half
PORTLAND, OR--Spot truckload freight activity in June rallied to record highs for the number of available loads while rates rose to their highest points in nearly two years, according to the DAT North American Freight Index. The June Freight Index increased 24% compared to May and was up 57% year over year, capping a robust first half of the year.
Truck market has bottomed out: Volvo chief
DUBLIN, VA - Volvo Trucks has set an ambitious target for itself - to be nothing less than "Number 1" in the world. "It doesn't necessarily mean we want to be the biggest," said Volvo Trucks president Claes Nilsson, during the launch of the company's new VNL long-haul tractor. "We want our customers to make more money and be more successful." That said, Volvo is clearly on a growth curve. Globally it now has 2,000 dealers and shops - 420 of which are in North America - and sells models in more than 190 countries. "Our dealers truly believe in the future," adds Goran Nyberg, president of Volvo Trucks North America. About US$600 million has been invested in the manufacturer's North American dealer network since 2010, adding 65 new locations and increasing service bay activities by 51%.
Volvo unveils VNL tractor
DUBLIN, VA - Volvo promised that its new regional VNR tractor was the "shape of trucks to come", and it delivered on that promise on Tuesday with the reveal of its long-haul counterpart - the VNL. The new tractor comes as the VNL 300 daycab, VNL 400 flat-roof sleeper, VNL 740 mid-roof, VNL 760 high-roof, and VNL 860 with its 77-inch sleeper. The VNL 740 and VNL 760 are also available with a new 70-inch sleeper. "It's so nice to see this truck without a cover on it," quipped Jason Spence, product marketing manager, noting how prototypes had been moved around North America under the cover of darkness. "We've been hiding the truck from you for 10 months."
