Consumer Confidence, which had increased in March, declined slightly in April. The Index, prepared by The Conference Board, now stands at 82.3 (1985=100), down from 83.9 in March. The Present Situation Index decreased to 78.3 from 82.5, while the Expectations Index was virtually unchanged at 84.9 versus 84.8 in March. “Consumer confidence declined slightly in […]
The volume of used Class 8 trucks sold in March rose 8% above February’s volume, according to the latest data from ACT Research. Steve Tam, Vice President-Commercial Vehicle Sector with ACT, noted that growth came from the auction and wholesale markets, while the retail market contracted. Meanwhile pricing foundered in March, experiencing its first sequential […]
Universal Truckload Services (NASDAQ: UACL), a leading asset-light provider of customized transportation and logistics solutions throughout the U.S., Mexico and Canada, has announced the pricing of its previously announced public offering of 1,900,000 shares of common stock at a public offering price of $26.00 per share. In the offering, 1,880,000 shares were offered by the […]
A bus built by Proterra has set a record for the most miles traveled by a battery-electric bus in a day – traveling more than 700 miles in 24 hours. What’s more, the bus recorded an average fuel economy of nearly 27 miles per gallon – nearly six times that of a diesel bus and […]
Kenworth Truck will exhibit four natural gas trucks in its booth during the Alternative Clean Transportation (ACT) Expo May 5-8 and showcase its new Kenworth T680 natural gas truck. According to Alan Fennimore, Kenworth vocational marketing manager, “The new natural gas-powered Kenworth T680 offers fuel-saving aerodynamics and cost-efficient natural gas to provide excellent operating cost […]
Trailer order volumes eased month over month in April, but large fleet commitments were still providing support, according to ACT Research. Cancellations posted single-digit rates and the order board was the best in nearly eight years. “The month over month slide in orders was in line with seasonal expectations,” said Frank Maly, Director – CV […]
