A number of truck makers and suppliers are choosing to temporarily idle production facilities as part of a national effort to help slow the spread of the COVID-19 pandemic in the United States.
ACT Research said North American used truck sales volumes fell 35% in November.
Class 8 truck orders hit a high point for 2019 in October; however, in what is traditionally a great month for truck orders, that performance marked the weakest level since 2016, according to preliminary reports.
Mack Trucks and the United Auto Workers union have reached a tentative agreement on the terms of a new four-year labor agreement that would cover approximately 3,500 employees, ending a strike.
Find out why an electric truck or van may be on your comparative shopping list in the near future.
About 3,500 Mack Trucks employees who are members of the United Auto Workers union went on strike at six manufacturing facilities while the two sides negotiate new wages and benefits.
Early reports on Class 8 truck orders for the month of August show a modest increase compared to July, but as manufacturers open up slots for 2020, it seems that fleets are in no hurry to fill them.
Every winter impacts the economy in some way, but this season was especially tough and could have led to a slowdown in truck freight.
Navistar International reported increased income and market shares in its year-end financial results with company president and CEO Troy Clarke calling 2018 "a breakout year for Navistar."
The current commercial truck market is strong, with prices stable. The forecast for 2019 is more of the same, barring major world events.
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