Trucking Equipment News

Why Class 8 truck orders are outperforming shaky economy

Class 8 truck orders in February outperformed what tracking firms expected, suggesting fleets still have money for new equipment.

It was the first time in the last five months that year-over-year orders came in higher. The industry hit a near record in September and then retreated.

“Over the past year, total net orders reached 303,000 units. In any market, this is a strong number,” Eric Starks, chairman of FTR Transportation Intelligence, said in a news release. “However, given the uncertainty in...

https://www.freightwaves.com/news/why-class-8-truck-orders-are-outperforming-shaky-economy

CARB clear on lack of changes in California Clean Fleets rule

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The news out of a recent hearing on the Advanced Clean Fleets regulation set to go into effect in...

Paccar recalls medium-duty trucks for sudden brake failures

Paccar Inc. is recalling six models of Kenworth and Peterbilt medium-duty trucks over four model years for possible sudden brake failure that could lead to a crash.

Certain 2021-2024 Kenworth T280, T380 and T480 and Peterbilt 536, 537 and 548 vehicles make up the list of trucks recalled. 

The pedal plunger connecting the brake pedal to the brake valve may disconnect when the brake pedal is fully applied and then released rapidly. Brake failure could result. the pedal plunger that connects the...

https://www.freightwaves.com/news/paccar-recalls-medium-duty-trucks-for-sudden-brake-failures

Brake module corrosion continues to vex Daimler Truck

Daimler Truck North America is conducting a third safety recall – about 77,000 vehicles across seven model years in the U.S. and Canada – for brake module corrosion that could cause pulling to one side of the road, which could raise the possibility of a crash.

None of the three recalls involving more than 475,000 units has a crash associated. A miniscule number of vehicles have exhibited the condition among the number built between June 2016 and March 2022

Miniscule number of trucks in recall...

https://www.freightwaves.com/news/brake-module-corrosion-continues-to-vex-daimler-truck

Falling used truck prices push largest dealership network to sidelines

Falling prices for used trucks might be good news for those in the market for older iron. But they are having an opposite effect on Rush Enterprises, the nation’s largest new and used truck dealership network.

“Looking ahead, we expect used truck values to continue to decline, and we plan to maintain our low inventory levels until conditions begin to normalize,” Rush Enterprises CEO Willam “Rusty” Rush said Thursday on the company’s earnings’ conference call.

Rush had strong financial results in...

https://www.freightwaves.com/news/falling-prices-of-used-trucks-push-largest-dealership-network-to-sidelines

Kenworth celebrates century of truck making with special editions

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Kenworth Truck Co. will spend the next 12 months celebrating its 100th anniversary — from its...

https://www.freightwaves.com/news/kenworth-celebrates-century-of-truck-making-with-special-editions

Lower used truck prices will hit Ryder profitability in ’23

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After a blowout 2022, Ryder System is projecting more moderate profitability in 2023, with a decline...

Trailer orders slow in January, suggest a return to normalcy

Trailer orders in January fell back significantly from a huge December. But the numbers suggest a return to normal order patterns after more than two years of disruption.

Manufacturers have plenty of pending orders to build, both trucks and trailers.

“Orders continue to flow in and we still have pent-up demand to fill,” Chris Hammond, executive vice president of sales for Great Dane, told FreightWaves. 

“We are seeing some customers defer ordering in 2023 as the economy begins to slow down as talk...

https://www.freightwaves.com/news/trailer-orders-slow-in-january-suggest-a-return-to-normalcy

Cummins replaces 2 legacy engines with new X10 powertrain

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Cummins Inc. will retire its L9 and X12 legacy engines, replacing them with a new X10 engine capable...

https://www.freightwaves.com/news/cummins-replaces-2-legacy-engines-with-new-x10-powertrain

Cummins on board for solid ’23 in truck equipment

Engine maker Cummins Inc. tracks with OEM projections for solid North American demand for new trucks for at least the first half of 2023. If the Chinese market recovers, look for a possible profit spike.

Freight rates, especially spot rates that account for roughly 15% of the market that quote loads by the day or hour, have dropped significantly. Contract rates are not far behind. But pent-up demand for new equipment remains a positive tailwind, manufacturers agree.

“We continue to see healthy...

https://www.freightwaves.com/news/cummins-on-board-for-solid-23-in-truck-equipment

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