THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
Due to weakened orders for heavy duty trucks in North America, Volvo has announced it will lay off 700 workers beginning in January of next year.
Commercial vehicle manufacturers Traton Group and Hino Motors have established a procurement joint venture to maximize the global procurement synergies between the two companies.
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.
Hino Motors opened its new 1 million-square-foot manufacturing facility in Mineral Wells, West Virginia, to serve as the truck maker's manufacturing foundation in the U.S.
A coalition of commercial truck dealers, trade association executives and other trucking industry stakeholders rallied on Capitol Hill on June 19, to urge congressional support for legislation repealing the federal excise tax.
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."
After a banner year in which Class 8 truck orders averaged at least 42,600 units per month, early reports from both ACT Research and FTR show a drop off in activity in November.
Navistar has announced that it will raise truck prices by up to 2% in the coming year due to rising commodity prices.
After a year in which none of the major Class 8 OEMs exhibited at the Mid-America Trucking Show, Kenworth and Peterbilt announced that they will return to the show for 2017.
The long-term trend in vehicle cycling for commercial fleets has been a gradual increase in vehicle service lives. An increasing number of companies cut costs by extending vehicle replacement cycles so cash flow can be diverted to other expenditures. When extending vehicle cycles, the most significant (and uncertain) expense is the impact on the maintenance budget. Another argument against extended replacement cycling, albeit less vocalized, is the impact on corporate sustainability.