Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
Despite expectations, Class 8 truck orders remain steady. With all order slots filled, the production for Q4 2023 is anticipated to be strong.
FTR reported that June's Class 8 truck orders matched May's, totaling almost 13,800 units, despite a predicted drop. The figure is a 7% YoY decrease but exceeds replacement demand. With all 2023 orders filled and 2024 slots not yet fully open, it's uncertain when the trucks will be built. This implies solid Q4 production. FTR’s chairman, Eric Starks, suggested strong production and mid-year slowdown would normalize backlogs over the next months, currently under pressure from high backlog-to-build ratio. The OEMs' building activities are predicted to extend well into Q4.
Source: Fleet Equipment Magazine
Class 8 orders for June
— Thomas Wasson (@ThomasWasson7) July 20, 2023
The backlog-to-build ratio declined 80 basis points (bps) to 5.9 months (6.6 seasonally adjusted).
2024 outlook per ACT Research: orderbooks typically open in October, lately have seen them open as early as August pic.twitter.com/cwWkBUCkjs
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
CtrlChain carriers cut admin time by 95%, process paperwork 80% faster, and get paid 4x quicker. See what’s new in 2024—and what’s coming next in 2025!
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