#kt-adv-heading_369545-6f, #kt-adv-heading_369545-6f .wp-block-kadence-advancedheading {font-size:22px;font-weight:400;font-family:Montserrat;}
To view more FreightWaves infographics, click here
Supply chain disruption
Australian airports face more cargo delays as dnata strike looms
Airport services provider dnata is making contingency plans for a potential strike by staff at facilities in Australia that could disrupt cargo shipments as dnata grapples with COVID-related backlogs at its cargo terminal in Melbourne.
The news comes as German flag carrier Lufthansa avoided another strike by pilots by tentatively agreeing on a new contract with union representatives.
The Australian office of dnata, previously known as Dubai National Air Travel Agency and part of the Emirates...
https://www.freightwaves.com/news/australian-airports-face-more-cargo-delays-as-dnata-strike-looms
Class 8 bookings rebound in August as OEMs crack open orderbooks
Month-over-month orders for Class 8 trucks nearly doubled in August. But fleets are still not getting all the new equipment they want, even in a slowing economy.
FTR reported preliminary North American Class 8 net orders for August jumped 98% over July to 21,400 units as OEMs began to fill build slots for the first quarter of 2023. But caution remains to avoid a repeat of late-2021 cancellations due to overbooking colliding with supply shortages.
“OEMs felt the need to start filling in their Q1...
https://www.freightwaves.com/news/class-8-bookings-rebound-in-august-as-oems-crack-open-orderbooks
Truck Tech: Summer ACTs edition
Playing with Lego bricks to illustrate supply chain disruptions, how the passenger vehicle market mirrors the trucking industry, and Hyliion’s Hypertruck free rides — those and other musings from the ACT Research Seminar 67 this week in Columbus, Indiana.
Explain it to me like I’m a 4-year-oldWhen you see some of the full-size creations from Lego bricks, you know they are not just for children. Check the recommended ages on some of the boxes if you want evidence.
Those plastic bricks helped Paul...
https://www.freightwaves.com/news/truck-tech-summer-acts-edition
Typhoon pauses air, ocean freight in Hong Kong, South China
Strong winds and heavy rain from a typhoon barreling through the South China Sea is expected to disrupt air and ocean shipments, as well as local freight delivery, during the next 24 to 48 hours.
The Hong Kong Observatory on Wednesday evening issued a Category 8 typhoon warning for Tropical Storm Ma-on, the third highest alert under the city’s weather system.
At 11 p.m. Hong Kong time, the storm system was centered about 131 miles south of Hong Kong, with sustained maximum winds of nearly 70 mph....
https://www.freightwaves.com/news/typhoon-pauses-air-ocean-freight-in-hong-kong-south-china
Trailer replacement cycle stretched further as July orders drop
Trailer orders declined 28% in July compared to June, extending the replacement equipment calendar further into 2023 as most manufacturers kept the brakes on bookings.
Fleets are waiting to place those orders. But most OEMs are not able to accurately price new equipment. Inflation and volatile commodity prices for key items like steel and aluminum frustrate those efforts.
Tighter credit, softening customer sentiment and persistent supply chain disruptions are headwinds for the industry. But...
https://www.freightwaves.com/news/trailer-replacement-cycle-stretched-further-as-july-orders-drop
Daimler Truck improves top and bottom lines in Q2
Daimler Truck AG reported higher revenue and income for the second quarter. But it expressed concerns for full-year results because of Russia’s ongoing war in Ukraine.
If Russia restricts gas imports to Germany, some of Daimler’s plants there could face production constraints. Supply constraints inhibited finished truck deliveries, leading to negative free cash flow of 756 million euros ($781 million) in Q2.
In a statement Thursday, the Stuttgart, Germany-based truck maker — the parent of...
https://www.freightwaves.com/news/daimler-truck-improves-top-and-bottom-lines-in-q2
Fertilizer shippers seek carrier reforms to address supply chain snags
Fertilizer shippers are pressuring the Biden administration for transportation-related changes they say will help lower their costs and make them more competitive in world markets.
The industry’s recommendations, which include regulatory and other changes affecting trucking, rail and maritime, were in response to an information request published earlier this year by the U.S. Department of Agriculture’s Agricultural Marketing Services (AMS) in which the agency asked for help identifying issues...
Class 8 truck orders slump in July despite strong demand
Class 8 truck orders in July resembled popular concert tickets the day after they are sold out. No one orders any.
The analogy by Don Ake, vice president of commercial vehicles for FTR Transportation Intelligence, captures the situation and the sentiment surrounding new equipment. Parts and components availability is improving. But it is not equal to the pent-up demand for tractors.
“OEMs could increase production by about 10% over the current rate if they could get the parts, but the supply...
https://www.freightwaves.com/news/class-8-truck-orders-slump-in-july-despite-strong-demand
Volvo Group hits Q2 trifecta of higher sales, profit and share gains
Volvo Group checked the boxes for higher sales, profits and market share for its trucking business in the second quarter despite ongoing supply chain disruptions.
“Our customers in most regions are benefiting from high transport and infrastructure activity, which continues to drive good demand for our products and services,” Martin Lundstedt, Volvo president and CEO, said in an earnings report.
But order backlogs and lead times for new truck deliveries are long. That is forcing the Goteborg,...