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March new Class 8 truck sales up 15% over February

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The International nameplate has shown the best gain year-to-date with a 43.1% increase. Pictured in the International LT series. (Courtesy: NAVISTAR)

The decline in Class 8 truck orders the first three months of the year is not evident in the sales figures yet as OEMs continue to work through a backlog of orders that may not be filled until late this year, if even then.

In March, OEMs and their dealers sold 22,884 Class 8 trucks in the United States, an increase of 15% over the previous month and 17.8% over the same month last year when sales totaled 19,384, according to WardsAuto.

To date in 2019, sales are up 24.5% with 62,884 units being sold thus far compared with 50,529 for the same period in 2018.

Mack recorded the largest gain month-over-month with sales of 1,623 compared with 1,163 last month, an increase of 39.6%.

International had the increase in March 2019 compared to March 2018 with 3,476 sold in 2019 compared with 2,143 in March 2018.

International also has the largest year-to-date increase at 43.1% with sales of 9,365 the first three months of 2019 compared with 6,546 during the same period in 2018.

Freightliner leads in market share in 2019 at 40.7%, up from 37.7% the first three months of 2018.

 

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Dwight Bassett named president of Boyd Companies

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The Boyd Companies include Boyd Bros. Transportation, WTI Transport, Mid Seven Transportation and Boyd Logistics. (Courtesy: BOYD BROS. TRANSPORTATION)

CLAYTON, Ala. — Dwight Bassett has been named president of the Boyd Companies.

Prior to this role, Bassett served as the  chief operations officer and chief financial officer for the Boyd Companies.

Bassett has an extensive background as a leader in the trucking industry.

DWIGHT BASSETT

Before joining the Boyd Companies, he served as the chief operations officer for Builder’s Transportation. In this role, he helped redesign the company’s information system which greatly improved productivity and accountability.

Prior to Builder’s, Bassett worked for M.S. Carriers for 16 years. During his tenure, he held various roles within the organization such as dispatcher, controller, vice president of operations, and chief accounting officer. Under his leadership, the company’s fleet grew tremendously from 300 trucks to 4,000 trucks.

“It is an honor to be named the president of the Boyd Companies,” Bassett said. “The people at Boyd make the difference. There is a mutual respect and admiration among all of us that is not easily replicated.”

Chris Cooper, CEO of the Boyd Companies, said, “Dwight’s leadership will be important to the Boyd Companies and the Daseke organization moving forward. Dwight has a unique, intuitive and tactical mind for transportation and logistics. This has been shown in his leadership over the past six years as CFO and COO of the Boyd Companies.”

The Boyd Companies include Boyd Bros. Transportation, WTI Transport, Mid Seven Transportation and Boyd Logistics.

The Boyd Companies is part of Daseke Inc., the largest flatbed and specialized transportation and logistics company in North America.

Boyd Bros. Transportation is the largest carrier in the Boyd Companies and is a flatbed truckload carrier that operates throughout the eastern two-thirds of the United States, hauling primarily steel products and building materials.

For more information about Boyd Companies or career opportunities at Boyd Bros. Transportation, visit www.driveforboyd.com or call 888-485-8717.

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Trailer orders down in May; June seen as pivotal month

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An FTR executive said trailer orders should rise in June as OEMs begin taking orders for 2020, adding that June orders will be a good indication of how the larger fleets view the freight market for next year. (Courtesy: GREAT DANE) 

The two companies that collect, analyze and publish data pertaining to the commercial vehicle market reported what might be called a significant decline in trailer orders for May.

FTR reported preliminary orders for 11,700 units, the lowest total since May 2016.

ACT Research reported preliminary new U.S. trailer orders of 15,500, down 16% month-over-month, but after accounting for cancellations, said net orders slid to 10.5k units, down 28% from April.

FTR said orders for 2019 production have basically come to a halt, as most build slots for the year are already filled.  Trailer builds were hefty for the third straight month and should remain elevated in the short-term.

However, production numbers in the second half will likely moderate due to expected slower economic and freight growth. The flatbed segment is already showing signs of weakening due to easing in manufacturing and industrial activity.  Trailers orders for the past 12 months now total 356,000 units.

“Orders should rise in June as OEMs begin taking orders for 2020,” said Don Ake, FTR vice president of commercial vehicles. “June orders will be a good indication of how the larger fleets view the freight market for next year.  Carriers may be cautious as long as the tariff situation is disrupting freight flows and creating significant business uncertainty.”

ACT Research said year-to-date, net orders are 40% below last year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. Near-record backlogs have filled 2019 build slots for many OEMs, and there continues to be resistance toward booking orders into next year, resulting in the order volume contraction.

“We’re now running into very difficult year-over-year comparisons, as OEMs are generally unwilling to accept orders for 2020,” said Frank Maly, director–CV Transportation analysis and research. “We hear that some OEMs may open their 2020 orderboards in June; if so, expect better comparisons in the months ahead.

“However, given market pressures of strong capacity growth in the face of a slowing economy and tariff uncertainties, the anticipated order surge may not be as robust as many may assume.”

 

 

 

 

 

 

 

 

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Average price of gallon of diesel down 2.7 cents to $3.043

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The average price for the week ending June 24 is 17.3 cents a gallon lower than the same period a year ago. (The Trucker file photo)

WASHINGTON —  The average on-highway price of a gallon of diesel dropped 2.7 cents a gallon to $3.043 for the week ending June 24, according to the Energy Information Administration of the Department of Energy.

Since the week ending May 27, the price has dropped 12 cents a gallon.

All regions of the country declined, led by a 4.2 cents a gallon drop in the Rocky Mountain states (Colorado, Utah, Wyoming, Idaho and Montana) and a 3.8 cents a gallon decline in California, where the average price is still the highest in the country at $3.968 a gallon.

The lowest average price is in the Gulf Coast states (New Mexico, Texas, Arkansas, Louisiana, Mississippi and Alabama).

For a complete list of prices by region for the past three weeks, click here.

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