The inventories-to-sales ratio traditionally has been a key indicator for assessing near-term transportation demand. Right now they're very lean, which usually is good news for trucking – but there's a catch.
Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
In 2017 the U.S. aftermarket for Class 6-8 trucks and trailers grew to $30.4 billion and it could be poised for growth through 2022.
UPS is expecting a record 1.4 million returns on Jan. 3 after averaging more than 1 million returns every day before Christmas in December.
Opportunities are on the horizon for fleets willing to embrace new market trends and rethink some aspects of their operations, according to logistics experts Tom Finkbiner and Ted Prince, founders of Tiger Cool Express.
Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.
The average fuel economy of vehicles sold in August fell 0.1 mpg to 25.3 mpg from July, according to the University of Michigan's Transportation Research Institute (UMTRI).
New vehicle sales, including fleet deliveries, are projected to reach approximately 1.7 million units, a 12.8% increase from a year ago, according to a report by True Car.
Ford sold more vans in January than any other January since 2001 on the strength of its new 2015 Transit full-size van and redesigned Transit Connect compact van, Ford announced.
Low gasoline prices and pent-up consumer demand should propel new car and light truck sales to an estimated 16.94 million in 2015, according to the National Automobile Dealers Association.
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