Crosspoint Kinetics, maker of the Kinetics Hybrid, has announced a special financing program for commercial fleets and transit agencies through Pro Leasing Services. The goal is to make the process of greening a fleet easy for those who prefer to pay for the hybrid systems over time. Fleet owners and managers can choose to retrofit […]
According to the latest research, total reported volumes of used Class 8 trucks improved to 2,078 units in December, rising by 8% month over month. For total 2014, used Class 8 truck volumes were down 5%, and average miles decreased by 2%, said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “Pricing was up 18% […]
As snow continued to fall early Tuesday, Mass transit systems remained shut down from New York City to Boston this morning and most roads were closed parts of five states. Airlines canceled thousands of flights as the much-anticipated blizzard took aim at the Northeast. Snowfall totals have reached up to 17 inches so far in […]
Class 8 orders topped 40,000 units for a third consecutive month in December at 44,060, and Classes 5-7 orders reached their highest monthly volume since 2008 at 22,964 units – establishing a very strong close to 2014 in terms of commercial vehicle demand. Stated Kenny Vieth, ACT President and Senior Analyst, “For the year, 380,200 […]
A new report examining the global market for natural gas vehicles (NGVs), including global market forecasts for vehicle sales, vehicles on the road, refueling stations, natural gas consumption, and compressed natural gas cylinders, finds that the sales of natural gas vehicles will reach approximately 4 million annually by 2024. Driving the trend is increasingly stringent […]
The December Cass Freight Indexes followed expected seasonal trends with a 6.3 percent drop in shipment volume and a matching 6.7 percent decline in freight spending. However, the December figures mark the highest end‐of‐year values for both indexes since the beginning of the recession in 2007. Traditionally, the peak holiday shipping season falls in the […]
