The overall Class 8 market this year will fall 5 to 10 percent from last year, but sales and production should bottom out in the second quarter, Jonathan Starks, chief operating officer for FTR Transportation Intelligence, said.
Employment increased 5.6 percent at U.S. commercial truck dealerships in 2016 – it’s highest level in five years, the American Truck Dealers said Tuesday. However, truck sales declined in 2016.
The Environmental Protection Agency asked a federal appeals court for a 90-day pause in a lawsuit against its new standards on greenhouse gas emissions for heavy-duty trucks, a signal that the Trump administration may ease the regulations.
Paccar, the truck maker that owns the Peterbilt and Kenworth brands, swung to a profit in the first quarter of 2017 as demand for big rigs picked up in North America and Europe and its parts business grew.
Average income fell last year for independent truck drivers, even though they drove more miles, according to a survey of 20,000 truckers.
Knight Transportation Inc. and Swift Transportation Co., two of the nation’s largest trucking companies, said on Monday they would merge their businesses.
The rapid introduction of new cars and trucks equipped with standard automated safety features looks to make older vehicles obsolete, decreasing trade-in values and leaving buyers with higher monthly payments.
The outlook for heavy-duty truck manufacturers continues to improve, industry consulting firms ACT Research and FTR Intelligence said in separate reports Wednesday.
Americans continued to snap up pickup trucks in the first quarter of the year, even as the overall auto market showed signs of cooling.