Trucking Equipment

Unlocking hidden capacity with Repowr — Taking the Hire Road

On a recent episode of Taking the Hire Road, Jeremy Reymer was joined by Spencer Ware, co-founder and CEO of Repowr, and Patrick Visintainer, co-founder and COO of Repowr, to talk about asset underutilization and it’s impact on the freight industry. The co-founders also shared some of the experiences that led to the creation of their on-demand trailer reservation platform.

It’s not easy starting a company from scratch, and for Visintainer, an important part of handling the challenges is...

https://www.freightwaves.com/news/unlocking-hidden-capacity-with-repowr-taking-the-hire-road

Orders for new Class 8 trucks strong in May, ACT and FTR data shows

Both FTR and ACT Research reported strong Class 8 vehicle North America net orders for May.

FTR’s data showed that Class 8 preliminary net orders were 18,900 units. That is up 25% from April and 37% from a year earlier. 

The 12-month total is 273,900 units. However, that is running behind the data for the corresponding five-month period of 2023, when the order totals were 298,700 units. Dan Moyer, senior analyst for commercial vehicles at FTR, said in the company’s monthly report that it expects...

https://www.freightwaves.com/news/orders-for-new-class-8-trucks-strong-in-may-act-and-ftr-data-shows

Love’s cuts some services but boosts training opportunities in tight job market

Two seemingly separate decisions by Love’s Travel Stops — one publicly announced, the other revealed through social media chatter — together illustrate steps the company is taking to deal with a seemingly relentless tight job market.

The operator of truck stops announced on Monday “tuition-free education and skill development” in a program called Fuel Your Growth.

Meanwhile, a spokeswoman for Love’s confirmed social media reports that the company is “adjusting its overnight operating hours” at...

https://www.freightwaves.com/news/loves-cuts-some-services-but-boosts-training-opportunities-in-tight-job-market

Used truck prices plunged from February to April, J.D. Power finds

Prices for most vehicles in April at both the retail and auction level were down only slightly from March. But they were down far more from February.

For example, midyear 2022 Class 8 tractors sold at an average retail price in April of $95,365, according to the report. That was 5.4% less than in March, a decline of $5,379. 

But the drop from February was far more pronounced. The price that month for Class 8 used 2022 tractors sold at retail was $128,768. The April price reflects a decline of...

https://www.freightwaves.com/news/used-truck-prices-plunged-from-february-to-april-j-d-power-finds

What would happen to trucking if a solar storm knocked out GPS?

A major astronomical event is taking place across parts of the U.S. right now, and it has the potential to wreak havoc on GPS. That raises questions about the trucking industry’s reliance on GPS and what would happen if truckers lost navigation today. 

The event in question is one of the most powerful solar storms to be forecast in the past 20 years. It is occurring across the continental U.S., and it has the astronomy community abuzz with excitement. The storm watch began Friday and will remain...

https://www.freightwaves.com/news/what-would-happen-to-trucking-if-a-solar-storm-knocked-out-gps

FleetPulse spun off from Great Dane, raises $11M for trailer telematics

Trailer telematics provider FleetPulse announced Wednesday it is spinning off as its own company after being incubated under trailer manufacturer Great Dane since 2017. 

“As the first OEM to develop a smart trailer solution, Great Dane is proud of the growth achieved by FleetPulse and excited that these offerings can now be made available as part of an independent company to push the broader industry forward,” Rick Mullininx, president and COO of Great Dane, said in the release.

The telematics...

https://www.freightwaves.com/news/fleetpulse-spun-off-from-great-dane-raises-11m-for-trailer-telematics

New Class 8 truck orders in April up from a year ago, down from March

The weak trucking market, so evidenced in disastrous first-quarter earnings for both truckload and LTL carriers, is having a mixed impact on new Class 8 truck orders, according to the two key companies that track that data.

FTR Transportation Intelligence reported that preliminary net orders for April were 14,000 units. That was down 28% from March but up 12.5% from April 2023. 

Meanwhile, ACT Research pegged Class 8 net orders last month at 15,600 units. That was down 1,800, or 10.3%, from March...

https://www.freightwaves.com/news/new-class-8-truck-orders-in-april-up-from-a-year-ago-down-from-march

LA zoning proposal could reduce supply of trailer parking

Trailer parking near the ports of Los Angeles and Port of Long Beach is notoriously constrained and it is likely to get worse. Hoping to gain customers who struggle with this issue, some real estate developers are taking a new approach. 

Finding adequate facilities to park trucks and store shipping containers is difficult throughout the United States, but the Greater Los Angeles area poses an even greater challenge for the logistics sector.

The port complexes areclosed in with boundaries on all...

https://www.freightwaves.com/news/la-zoning-proposal-could-reduce-supply-of-trailer-parking

Deal averts strike at Daimler North America as UAW celebrates pact

A four-year contract has been reached between the United Auto Workers and Daimler Truck North America, averting a strike at several U.S. facilities that could have started Saturday and shut down production of Freightliner and Western Star trucks.

The pact covers approximately 7,400 workers at Daimler North America (NASDAQ: DTGHF) facilities who build Freightliner and Western Star trucks: the Mount Holly, North Carolina, truck manufacturing plant; the Cleveland, North Carolina, truck...

https://www.freightwaves.com/news/deal-averts-strike-at-daimler-north-america-as-uaw-celebrates-pact

FreightTech Friday: Wabash sees success with trailers-as-a-service

Recently, FreightWaves spoke with Wabash Director of Strategic Programs Glen Stewart about the company’s trailers-as-a-service (TaaS) offering, designed to help increase asset uptime. 

According to the company, it has secured a near 100% recovery rate for its customers’ damaged trailers in 2024. “If damaged, trailers are fixed immediately, or a loaner can be provided,” a Wabash representative told FreightWaves.

Related:Wabash’s new trailers-as-a-service platform to support FreightVana’s...

https://www.freightwaves.com/news/freighttech-friday-wabash-sees-success-with-trailers-as-a-service

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