With inventories at the highest level in more than a decade, used Class 8 trucks were priced lower and selling slower in January compared with a year earlier, a pattern likely to continue throughout 2016, analysts said.
February 29, 2016Business
Volvo Trucks North America Offers Battery-Powered Parking Cooler
Volvo Trucks North America announced that it now offers a battery-powered parking cooler as a factory-installed option on its VNM 630, VNL 630, VNL 670, VNL 730 and VNL 780 sleeper models.
February 19, 2016Business
USA Truck Names James Craig as President of Logistics and Brokerage Unit
USA Truck Inc. announced that it had appointed James Craig to the newly created position of president of strategic capacity solutions, effective Feb. 15.
February 9, 2016BusinessEquipment
Class 8 Truck Orders Drop 48%
January’s Class 8 North American orders just cleared 18,000, down 48% year-over-year but within expectations as fleets’ ordering patterns shifted into a more typical range, analysts said.
February 8, 2016Business
Truckers: Toll Plan Will Put Them Out of Business or Drive Them Out of R.I.
A host of people connected to the trucking industry testified Feb. 4 that Rhode Island's truck-tolling plan is an existential threat to their businesses or a factor that could drive them from the state to more hospitable climates.
February 5, 2016Business
Ryder, USA Truck Earnings Improve in Fourth Quarter
Two large freight industry companies have reported improved fourth-quarter results, with net income rising 5% at Ryder System Inc. and 11% at USA Truck Inc.
February 2, 2016Business
Most Truckload Profits Drop in 4Q as Freight Demand Slows
Truckload fleets that reported fourth-quarter earnings last week largely trailed the year-earlier quarter amid growing weakness in freight markets.
February 1, 2016Business
USA Truck Appoints Randy Rogers New CEO
USA Truck Inc. appointed logistics executive John "Randy" Rogers its new CEO, effective Jan. 14.
January 14, 2016Business
Truck Stocks Plunge in 2015
Trucking companies’ shares, which declined faster last year than other transport stocks and the broader financial markets, are likely to keep falling in early 2016.
January 11, 2016BusinessEquipment
Class 8 Orders Slump in December, Down 36% From Same Period in 2014
North American orders for Class 8 trucks slumped in December from the same period a year ago, when the original equipment manufacturers logged their fourth-best volume ever.
January 11, 2016