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Heavy-duty truck orders sink below 14,000 in May, according to preliminary data from ACT and FTR. After several level months, Class 8 truck and tractor orders slipped in May to their lowest in six months due to ongoing supply chain concerns and a predicted annual dip heading into summer, according to two commercial vehicle market […]
Smaller carriers multiplied in 2020-21 as COVID-19 ebbed, demand surged, and spot-market rates favored them.
When it comes to truck repair, fleets may be in for a double whammy of bad news. Supply chain issues mostly are to blame for the increased price of parts. Given labor demands, higher wages for truck technicians explains the increase in labor costs.
Drivers are a key factor in managing a vehicle’s fuel economy.
The Federal Motor Carrier Safety Administration’s will now be accepting Truck Leasing Task Force you have a little more time to submit your application. The TLTF will be asked to evaluate the impacts of commercial motor vehicle lease agreements and discuss best practices for future agreements. The agency is looking for at least ten members […]
The average retail price of a pre-owned heavy-duty commercial vehicle rose 11%. the average retail price of a used truck rose 11% and average miles and age both were lower, down 3% and 7%, respectively, from February. Compared to last March the average retail price was 90% higher, with miles and age greater by 3% […]
The trucking industry is facing many challenges. New truck prices are rising, yet inventories are declining. Interest rates, fuel prices, and maintenance and material costs are skyrocketing, as are costs for used trucks. With many moving parts in the economy and the industry, now is not the time to make radical changes to your business […]
A softening freight market still benefits from pent-up demand despite rising fuel prices. While truckload volumes reached historic highs in March, spot rates fell last month as fuel prices soared and supply inched closer to the freight market demand. The weakening spot market rates and historic diesel prices in March overshadowed more robust truckload freight […]
The American Transportation Research Institute issued a call on April 5 for motor carriers to participaте in a survey.
At the end of 2021 just over 86,000 new owner-operators had been issued an authority to operate by the FMCSA.