A robust, proactive, and responsive security system is essential to reduce cargo theft risks effectively. Leading the charge in these solutions is remote live video monitoring. Learn more here.
In the latest episode of "The Freight Caviar Podcast", we sit down with Danny Frisco, CEO & Co-Founder at Rapido Solutions Group. He discusses the advantages and disadvantages of outsourcing and Rapido's future growth plans.
Plus, an EV maker partners with Ryder to test a hybrid diesel system, HappyRobot releases an AI update for brokers, and load board traffic declines over the past 3 months.
Class 8 Truck Orders Surge to 14-Month High in November 2023
Class 8 truck orders in North America hit a 14-month high in November 2023, indicating a strong replacement equipment demand despite a slow freight market.
In November 2023, Class 8 truck orders in North America reached a 14-month high, defying the sluggish freight market, with 41,700 units ordered, surpassing both the previous month and year-over-year figures. This surge, the highest since September 2022, suggests a "solid rather than stellar" outlook for 2024, according to ACT Research. The rising backlogs indicate a strong demand for replacement equipment despite the overall weak freight market. FTR Transportation Intelligence reported a slight year-over-year increase in orders, attributing the trend to replacement demand stabilization for 2024. Industry leaders like Paccar Inc.'s CEO note strength in vocational, medium-duty, and LTL markets, signalling an optimistic view for the upcoming quarters.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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