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Economic Indicators

Ryder boasts improved profits

Ryder System, Inc. reported earnings of $40.8 million Tuesday, compared with $34.9 million in the year-earlier period. Total revenue for the first quarter of 2013 was $1.56 billion, up 2 percent from $1.54 ...

PACCAR earnings down 28%

A sharp but expected decline in sales dragged down PACCAR's earnings 28 percent the company announced Tuesday. PACCAR earned $236.1 million in the first quarter of 2013, down $91.2 million compared to ...

Class 8 order cancellations down, demand growing

Class 8 orders rose above 20,000 units for a sixth consecutive month in March, but fell sequentially for the first time since November. March Class 8 net orders totaled just more than 22,000 ...

Equipment Lease confidence eases in April

The Equipment Leasing & Finance Foundation has released the April 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of ...

Allison halts plans to sell additional stock

Citing "market conditions" Allison Transmission Holdings Inc. announced Thursday that plans for a secondary offering of common stock would be called off. Allison announced Monday a proposed secondary offering of 22 million shares of its ...

Medium-, heavy-duty truck sales slip

Medium and heavy truck sales were down nearly 10 percent in March over the same period a year ago, according to WardsAuto. Dealers moved 49,206 units in classes 3-8 pounds during the month, ...

Allison Transmission sales slide

A sluggish heavy-duty market pulled sales figures for Allison Transmission into the mire. “Based on currently available information, for the first quarter of 2013, we expect net sales to be in the range ...

Allison to sell 22M shares of stock, declares dividend

Allison Transmission Holdings, Inc. announced Monday a proposed secondary offering of 22 million shares of its common stock by investment funds affiliated with The Carlyle Group and Onex Corporation. A group led by BofA ...

Trucking conditions improving, likely to get better

FTR’s Trucking Conditions Index (TCI) for February reflected an increasingly improving outlook for trucking with another month-over-month increase of 2+ points to a reading of 12.9. The upward movement of the index is ...

Medium duty orders among best in nearly 2 years

North American Class 8 net orders were above 20,000 units for the sixth consecutive month in March, but fell below February’s intake. Classes 5-7 net orders were down month-over-month and year-over-year, with final numbers ...

March Class 8 orders beat last year

FTR Associates has released preliminary data showing March Class 8 truck net orders at 21,817 units, a 4 percent decline February. “The March orders came in above 21,000 units which is a good ...

Trailer backlog unchanged in February

Despite declining from January levels, February commercial trailer orders were strong enough to maintain industry backlogs, according to ACT Research. February started softly but picked up momentum. This update on industry performance was ...

Used truck volumes up

Volumes for both the retail and wholesale used truck markets grew month over month in February after a rough start to 2013. However, the auction market dropped once again. The update on the used ...

Volvo truck shipments continue to fall

According to February sales figures released by AB Volvo, the Swedish truck maker shipped 1,400 fewer trucks globally than it did in the same month the year before. The decline in Volvo's sales was ...
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