The average selling price of total reported used Class 8 trucks set a record in January at just over $44,000, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Pricing for Class 8 used trucks edged up slightly m/m in January, but was meaningfully […]
Courtesy of StarTribune.com: During his visit to St. Paul on Wednesday, President Obama will unveil plans for a burst of spending on transportation and infrastructure projects, a proposal the White House says will save middle class jobs and provide an overdue investment in the country’s foundation. Obama will detail his four-year $302 billion proposal that […]
Vnomics®, a leading provider of fleet management solutions, and SkyBitz®, a leader in remote asset tracking and information management solutions, have announced a partnership resulting in an integrated tracking solution that will provide for-hire and private fleet carriers with, what the companies term, “a more robust and time-saving solution for managing their fleets.” Through this […]
New-vehicle sales are expected to hit a total of 1.19 million units, and an estimated 15.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book. These numbers come despite what has been a particularly cold and snowy winter. “For the second consecutive month, winter storms and unusually cold weather in many parts of […]
Net orders for trailers in January increased a robust 28% year over year according to ACT Research. “Seven of the ten trailer categories had y/y growth in January,” said Frank Maly, Director – CV Transportation Analysis and Research at ACT. “Particular strength came from reefer vans, which rose 80% from year-ago levels, tank trailers, which […]
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has announced that it has acquired Rich Logistics, a provider of truckload and expedited services based in Little Rock, Arkansas. In addition, Roadrunner acquired Everett Transportation Inc. and certain assets of Keith Everett (collectively, “Everett”). The total enterprise value of the transaction was approximately $48 million. Rich Logistics transports […]
