Class 8 catch-up largely over as replacement iron drives orders

Pent-up demand for new Class 8 trucks in a slowing freight market has rebalanced equipment orders to replacement purchases.

This is not an altogether bad thing as manufacturers look to a slower quarter with more holidays.

“The Class 8 backlog should rise by around 3,400 units when full October data are released in mid-November,” Kenny Vieth, ACT Research president and senior analyst, said. “If those numbers hold, Class 8 backlogs will have ended October at around 165,000 units.”

That’s a healthy...

https://www.freightwaves.com/news/class-8-catch-up-largely-over-as-replacement-iron-drives-orders

Check Call: Spooky season for all

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Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply...

https://www.freightwaves.com/news/check-call-spooky-season-for-all

Mack Trucks fires back at striking UAW’s new demands

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Mack Trucks fired back at the striking United Auto Workers, saying it is “not prepared to jeopardize...

https://www.freightwaves.com/news/mack-trucks-fires-back-at-striking-uaws-new-demands

Mack Trucks and striking UAW resume talks Thursday

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A strike by the United Auto Workers at Mack Trucks entered its second week Monday. Bargainers plan...

https://www.freightwaves.com/news/mack-trucks-and-striking-uaw-resume-talks-thursday

Check Call: Enter the ‘Glengarry Glen Ross’ era

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EDT. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

This week there is a special treat in the form of a webinar for brokers: 4 Keys to Broker Success in the Challenging Freight Market, scheduled for 2 p.m. EDT Thursday. Special guests from Tai Software and SIO Logistics...

https://www.freightwaves.com/news/check-call-enter-the-glengarry-glen-ross-era

UAW-represented Mack Trucks workers near strike deadline

United Auto Workers-represented workers at Mack Trucks could strike as soon as Monday. The current agreement, signed after a two-week strike in 2019, expires Sunday night.

Most attention is focused on an expanding strike against the Detroit Three automakers — General Motors, Ford and Stellantis. The situation involving 3,900 union members at Volvo Group North America facilities in three states has attracted little attention.

Mack is part of the Greensboro, North Carolina-based Volvo Group which...

https://www.freightwaves.com/news/uaw-represented-mack-trucks-workers-near-strike-deadline

Lawmakers drag Buttigieg into UAW fight

WASHINGTON — Republican lawmakers unloaded their contempt for the Biden administration’s electric vehicle policy on U.S. Transportation Secretary Pete Buttigieg during an oversight hearing on Capitol Hill on Wednesday.

Democrats provided Buttigieg some relief, mostly by praising the administration for the record funding flowing from the Bipartisan Infrastructure Law into projects that are helping relieve freight congestion and improving mobility for pedestrians.

But several Republicans used the...

https://www.freightwaves.com/news/lawmakers-drag-buttigieg-into-uaw-fight

End game: Volvo reopens plant and encourages strikers to come back

Volvo Trucks North America resumed production at its Virginia assembly plant on Monday, encouraging UAW strikers to come back to work under terms of its “last, best, final” offer. 

UAW Local 2069 voted down a third tentative agreement on Friday by closer margins than two previous proposed deals rejected by 9:1 margins. The union scheduled a second ratification vote for Wednesday. If members vote in favor of the deal, they would get a $2,000 pretax signing bonus. If voted down again, Volvo will...

https://www.freightwaves.com/news/end-game-volvo-reopens-plant-and-encourages-strikers-to-come-back

Volvo workers reject third proposed deal; company will ‘consider all options’

Striking UAW workers at Volvo Trucks North America voted to reject a third tentative agreement on Friday, prompting the heavy-duty truck manufacturer to “consider all options related to the bargaining process.”

The approximately 2,900 members of UAW Local 2069 have been on strike at the New River Valley plant in Dublin, Virginia, for more than a month. They struck for 12 days earlier this year, all part of a protracted dispute to get a new contract to replace a five-year agreement that expired...

https://www.freightwaves.com/news/volvo-workers-reject-third-proposed-deal-company-will-consider-all-options

Volvo expects up to a month of chip shortage downtime

Sweden’s Volvo AB (OTC: VLVLY) expects to take two to four weeks of manufacturing downtime this quarter as a shortage of microchips worsens.

Ironically, a strike by 2,900 workers at Volvo’s only manufacturing plant in North America could help the company move chips to other plants and forestall downtime. The first United Auto Workers walkout at the Volvo Trucks North America plant in Dublin, Virginia, since 2008 began last Saturday. No talks are expected until next Monday at the earliest.

“The...

https://www.freightwaves.com/news/volvo-expects-up-to-a-month-of-chip-shortage-downtime