Inventory for used commercial trucks dipped in December, but is expected to rise steadily following an uptick in new truck orders in January. Used truck values will also benefit from the increased activity.
After a dismal 2016, orders for new heavy-duty trucks turned up in January, surpassing trucking industry expectations.
Electric truck and drone maker Workhorse Group hopes its $3-a-share public offering will help alleviate its cash flow concerns.
Profits and sales at Paccar, the owner of the Peterbilt and Kenworth truck brands, plunged in the fourth quarter as the market for big rigs turned sour.
Navistar International Corp. is close to a final settlement with shareholders over allegations the truck maker made false and misleading statements about the benefits of a diesel engine technology that failed to meet EPA standards.
The American Transportation Research Institute, or ATRI, released its Top 100 list of the most congested bottlenecks for truckers in the U.S. Atlanta had the worst bottleneck but Texas had the most.
Automakers are pushing new investment and job growth in the U.S. by expanding plants that manufacture highly profitable trucks, crossovers and SUVs.
Freight demand may continue to improve in 2017 because of strong retail sales, larger wage gains and a solid housing market, according to Bob Costello, ATA’s Chief Economist.
The North American heavy-duty truck market improved in December, but 2016 still saw sales and production plunge, according to ACT Research.