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October Average Retail Price for Used Class 8 Stays Above $83,000

The average U.S. retail price in October for a used Class 8 just cleared $83,000, 15% higher compared with a year earlier, ACT Research reported.

November 15, 2022

Airbus CEO Sees Energy Crisis Weighing on Production Next Spring

Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiraling energy costs, with the squeeze expected to become most acute next spring.

November 14, 2022

Trailer Makers Use Composites, Materials to Extend Life, Limit Moisture and Overloading

Amid a challenging landscape of supply chain issues, manufacturers are extending the lives of trailers using products such as composite materials and galvanized elements.

November 14, 2022

October Classes 4-7 Retail Sales Uneven

Classes 4-7 U.S. retail sales in October were off 5% from a year earlier, thanks only to strength in Class 6 as the other classes fell, Wards Intelligence reported.

November 14, 2022

FedEx Freight Unit Furloughs Workers as Cargo Demand Slows

FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.

November 14, 2022

J.B. Hunt Plans Carbon Emission Intensity Reduction of 32% by 2034

J.B. Hunt Transport Services Inc. set a new goal to reduce its carbon emission intensity 32% by 2034, the company announced Nov. 14.

November 14, 2022

Chip Delivery Times Shrank Rapidly in October as Supply Crunch Subsides

Chip delivery times shrank by six days in October, the biggest drop since 2016, adding evidence that demand for electronic components is falling off quickly.

November 10, 2022

Hyliion Reports Modest Q3 Revenue as Net Loss Widens

Hyliion Holdings Corp., which went public in 2020, reported a higher net loss on modest revenue in the third quarter. But the electrified powertrain provider ended the quarter with over $455 million of cash and marketable investments.

November 10, 2022

October Class 8 Sales Show Broad Gains Over Year Earlier

U.S. Class 8 retail sales in October improved 34.5% compared with a year earlier, Wards Intelligence reported as all but one truck maker notched higher sales.

November 10, 2022