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Economic Indicators

Paccar boosts truck sales, profits

Paccar Inc. reported a 32 percent rise in quarterly profit Tuesday on the strength of higher North American truck sales. Net income rose to $309.4 million in the third quarter, up from $233.6 ...

Volvo sales slide, orders improve

The world's second largest truck maker reported a drop in third quarter profit, thanks in part to currency exchange rates and massive global product refreshening project. "The product renewal is the largest in ...

Daimler truck segment posts higher profit, more sales

The makers of Freightliner and Western Star trucks – Daimler AG – reported “significantly improved” third quarter earnings Thursday. The company posted a 53.2 percent increase in profit and a 4 percent increase ...

September truck orders below 20K, cancellations spike

Class 8 net orders were 19,018 units in September, traditionally the second weakest order month of the year. “On top of lower than expected Class 8 orders, cancellations also spiked in September," said ...

FTR’s August Trucking Conditions Index improves

Released Friday, FTR's Trucking Conditions Index (TCI) reading of 9.52 in August is a full point improvement from the July reading. The increase moves the index to an expected peak this fall before ...

Investments in equipment on the rise

Equipment Leasing & Finance Foundation expects investments in equipment and software is expected to grow 3.3 percent in 2013, according to the Q4 update to the 2013 Equipment Leasing & Finance U.S. ...

Class 8 orders remain below 20K

FTR has released preliminary data showing September Class 8 truck net orders at 19,777 units 29 percent better than a year ago but just 3 percent higher than August orders. FTR says September ...

Used sleeper pricing surges

After setting a new record every month from February through June, the retail price of an average sleeper tractor sold in 2013 finally pulled back fractionally in July, according to ATD. Fierce upward ...

Used truck pricing better than expected

The average selling price of total reported Class 8 used trucks continued to hold up higher than expected in August, according to the latest release of the State of the Industry: U.S. Classes ...

Trailer orders better, backlog thin

Every trailer category posted month over month order gains in August, according to the most recent update on industry performance reported in the State of the Industry: U.S. Trailers published by ACT Research Co. ...

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 ...
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