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Economic Indicators

Volvo seeking $600M in cost cuts

Volvo Group announced Tuesday it plans to launch a "group-wide efficiency program" that could save the company upwards of $627 million annually. "The program encompasses both reduction of white collar employees and consultants ...

Class 5-8 truck orders ‘good’ in August

According to data from ACT Research, August was a good month for Class 5-8 truck orders. The absence of sustained economic strength remains a limitation for Class 8 demand, and build expectations have ...

Lawmakers push to nix truck tax hike

Legislation currently in the U.S. House of Representatives is designed to throw cold water on a proposed 12 percent Federal Excise Tax (FET) applicable toward the purchase of trucks and trailers. The tax ...

July Trucking Conditions Index skyrockets

FTR's Trucking Conditions Index (TCI) reading of 8.41 in July, jumping 30 percent over the previous month’s reading. The up-tick reflects the indexes forward look at an expected pricing uptick for truckers this ...

Don’t hold your breath on fleet renewal

The automotive industry is improving as an improved economy allows for the replacement of ancient cars and light trucks. In general, the trucking industry also is enjoying an improving economy and living ...

August Class 8 orders jump 20%

Class 8 orders climbed to their highest level in three months in August with a preliminary reading of 19,500 units – a 20 percent gain over August of last year. “August is typically ...

Polk announces used vehicle transactions up in 2013

Polk announces used commercial vehicle registrations during the first half of the 2013 calendar year are up more than nine percent over the same period last year. Nearly 357,100 used commercial registrations were ...

Class 8 used truck volumes recover from June swoon

Volumes for used Class 8 trucks sold in July recovered from June's sharp decline. All three market segments – auction, retail, and wholesale – contributed to the sequential gain, with the total market ...

Global truck deliveries climb 3% for Volvo

Volvo announced on Friday shipments of its trucks climbed 3 percent year-over-year in July largely on increased deliveries in Western Europe and South America. Volvo said deliveries in Europe, the company's largest market, ...

Navistar to announce Q3 earnings next week

Navistar International Corporation said Thursday the company plans to issue its third quarter 2013 earnings report before the market opens on Wednesday, Sept. 4. A conference call will be held the same day ...

Economic update: Aug. 29, 2013

• A sharp drop in commercial aircraft orders in July dragged down new orders for manufactured durable goods, which fell 7.3% from June. Excluding transportation equipment, the month-to-month decline in durable goods ...

July truck orders weak, up 36% from last year

Traditionally, the third quarter is historically the weakest truck order period of the year, and July is the weakest month. This July held true to form. July Class 8 orders landed just under 17,600 ...

Trucking conditions remain favorable

FTR Associates' Trucking Conditions Index (TCI) for June was 6.46, which the company says reflects a significantly revised index that now includes a factor for truckload pricing and an update to historical ...

Used truck pricing strong amid weak retail sales figures

According to the ATD/NADA Official Commercial Truck Guide Update released Monday, retail sales per heavy-duty truck dealership dropped dramatically in June, although pricing remained extremely strong. The wholesale market returned opposite results, with volume ...
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