Replacement of Older Units Drives Growth Of Medium-Duty Vehicle Sales, Analysts Say
Medium-duty trucks sales reached their highest level in years during 2014, boosted by replacement activity among large-scale buyers who are cycling older units out of their fleets. But while the growth is a sign that commercial buyers see economic opportunity ahead, the piecemeal approach to acquisitions will hold the industry back from returning to previous heights, industry experts said.
March 2, 2015Truck Day Has Become a Thing
Baseball fans in snowbound Boston and other cities are joining a growing movement to celebrate Truck Day (or #TruckDay on Twitter), when the departure of trucks for Florida and Arizona loaded with bats and balls and jerseys is a sign spring can't be far away.
February 13, 2015USA Truck’s 4Q, Full-Year Income Improve
USA Truck Inc. reported its highest quarterly earnings per share in more than nine years and announced it had its first full year of positive earnings per share since 2008.
February 11, 2015Truck-Lite Buys LED Lighting Company Rigid Industries
Truck-Lite Co., which makes LED lighting systems, said Feb. 5 it acquired LED lighting manufacturer Rigid Industries, based in Phoenix. Terms were not disclosed.
February 6, 2015Truck Orders Rise 2.4% in January; Ease Back From Record Highs
Class 8 truck orders rose 2.4% in January to 35,400, slowing from the torrid fourth-quarter pace in which they averaged over 43,000, ACT Research reported.
February 4, 2015Volvo Launches VAH 630 Autohauler Model
Volvo Trucks introduced the Volvo VAH 630, a premium sleeper version for longhaul auto-hauling operations.
February 2, 2015Electric Truck Sales Expected to Reach 160,000 Annually by 2023, Report Says
Sales of commercial trucks and buses that use electric drive technology are expected to grow to 160,000 annually by 2023, according to a new report by Navigant Research.
January 29, 2015Universal Truckload Appoints New CEO
Jeff Rogers has been appointed CEO at Universal Truckload Services, concluding a plan begun in June.
January 8, 2015Prices for Used Trucks Continue to Rise as More Late Models Hit the Marketplace
Used-truck values reached a record in October, with the average price for a sleeper cab at just more than $61,000, the American Truck Dealers reported.
January 5, 2015Commercial Vehicle Demand Softens in China, ACT Reports
The pace of China’s economy tapered in the third quarter, leading to a slower rate of growth in truck demand, according to the most recent quarterly China Commercial Vehicle Outlook, published jointly by ACT Research Co. and China’s State Information Center.
December 22, 2014