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February Class 8 U.S. sales up 15.4 percent

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With sales of 4,403 year-to-date compared with 2,599 for the same period last year, International sales are up 69.4 percent this year. Pictured is the International LT series. (Courtesy: NAVISTAR)

 

Tuesday, March 13, 2018

by THE TRUCKER STAFF

 

Class 8 truck sales in the United States continued a strong upward trend in February.

According to WardsAuto, 16,687 Class 8 units were sold in February compared with 14,458 in January, an increase of 15.4 percent.

More impressive, however, is the fact that year-to-date, sales are up a whopping 40.6 percent over the same two months of 2017.

A total of 31,145 units were sold during the first two months of 2018 compared with 22,144 during the same period last year.

Volvo showed the biggest gain in February over January, selling 1,973 units in February compared with 1,266 in January, a gain of 55 percent.

Kenworth had a 24 percent gain, selling 2,100 units in February compared with 1,693 in January.

All OEMs are showing gains when comparing year-to-date 2018 to the same timeframe last year.

International showed the largest gain, having sold 4,403 units in 2018 compared with 2,599 during the same period in 2017, an increase of 69.4 percent.

The chart below shows 2018 over 2017 gains for all OEMs.

 

YTD YTD 2017 YTD 2018 % chg.
Freightliner 8,387 11,538 37.6%
Mack 2,175 2,422 11.4%
International 2,599 4,403 69.4%
Kenworth 2,519 3,793 50.6%
Peterbilt 3,678 4,990 35.7%
Volvo 2,226 3,239 45.5%
Western Star 553 751 35.8%
Other 7 9 28.6%
Total 22,144 31,145 40.6%
Change 9,001

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Business

4 ex-Pilot Flying J workers get probation in fraud plot

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Headquartered in Knoxville, Pilot Flying J has more than 750 retail locations in 44 states, Roadside assistance available at over 135 locations nationwide and growing as part of its Truck Care program, 44 Goodyear Commercial Tire and Service Centers, and 34 Boss Shops.(Courtesy: PILOT FLYING J)

CHATTANOOGA, Tenn.ย  โ€” Four former account representatives from nation’s largest fuel retailer will serve probation for their roles in a plot to cheat trucking companies.

The Knoxville News Sentinel reports ex-Pilot Flying J employees Holly Radford, Lexie Holden, Janet Welch and Ashley Judd were sentenced Wednesday. They admitted to skewing the books to cover up the fraud prosecutors say was committed by their male bosses. Nearly 20 former workers were accused in the $56.5 million scheme.

The judge also ordered Radford, Welch and Judd to do community service. He exempted Holden because she works full-time and runs a business.

Prosecutors say the company lured trucking companies with discounts on fuel, then shortchanged them.

The Knoxville-based company is controlled by the family of Cleveland Browns owner Jimmy Haslam and former Tennessee Gov. Bill Haslam.

Jimmy Haslam has long contended he knew nothing about the fraud scheme. Gov. Bill Haslam said he was not active in company affairs.

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ACT Research For-Hire Trucking Index: volumes up, but supply-demand balance loosens

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The January fleet purchase intentions reading indicated an uptick in equipment demand, with 53.7 percent of respondents planning to buy trucks in the next three months, up from 52.3 percent, seasonally adjusted, in December. (The Trucker file photo)

COLUMBUS, Ind. โ€” The latest release of ACTโ€™s For-Hire Trucking Index showed an improvement in freight volumes and truck productivity in January, after a soft finish to 2018. The Volume Index rose to 52.0 in January from 49.0 in December.

โ€œThe recovery in the Volume Index was offset by an increase in the Capacity Index in January, keeping the balance signal to the loose side,โ€ said Tim Denoyer, ACT Researchโ€™s vice president and senior analyst. โ€œThe past three readings have shown the loosest industry supply-demand balance in almost three years, since April 2016.โ€

The Driver Index was in negative territory, below the neutral 50 mark, at 47.2 in January 2019. โ€œBased on fleet feedback, we added a question about the driver market in January 2018, and after a year, we are now able to start reporting on this metric,โ€ Denoyer said. โ€œThe January 2019 reading, as well as the December 2018 reading of 47.0 were up significantly from the 38.6 recorded in January of 2018. The index has been below the neutral 50 level since we started asking the question last year. However, the rise in the index over the past year signals modest easing of ongoing driver constraints.โ€

The January fleet purchase intentions reading indicated an uptick in equipment demand, with 53.7 percent of respondents planning to buy trucks in the next three months, up from 52.3 percent, seasonally adjusted, in December.

โ€œAfter record orders last year, this series should remain elevated as long lead-time truck orders are built and hit the highways,โ€ Denover said. โ€œOver the past 12 months, the Buying Index has averaged a strong 57.6% reading.โ€

ACT is a publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

For more information, visits www.actresearch.net.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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dexFreight initiates early adopters program

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By joining the Early Adopters Program, companies will have exclusive access to early release versions of the dexFreight platform. (Courtesy: DEXFREIGHT)

SUNRISE, Fla. โ€” dexFreight, providers of a decentralized, blockchain-based logistics platform, has launched the dexFreight Early Adopters Program for U.S. shippers, carriers, brokers, and forwarders.

โ€œThe dexFreight platform built on blockchain technology allows supply chain stakeholders to transact and collaborate more efficiently, transparently and securely,โ€ said Rajat Rajbhandari, CEO and co-founder of dexFreight. โ€œThrough our Early Adopters Program, we will be using the real-world expertise of logistics stakeholders to evaluate new and advanced features of our platform that will be launched in the near future. We donโ€™t want to develop in a vacuum, and we believe the dialogue with and feedback from early adopters is vital in creating a platform that helps the entire logistics community.โ€

The dexFreight Early Adopters Program is open to U.S.-based companies. By joining the Early Adopters Program, companies will have exclusive access to early release versions of the dexFreight platform. As members of the Early Adopters community, they will have the opportunity to interact with dexFreightโ€™s development and product teams.

Early Adopters Program participants will have free access to the platformโ€™s basic features for three months and to advanced features at no charge when they first become available, and then at a discounted rate, Rajbhandari said. They will receive early notifications about new features before they are offered to all platform users.

Basic features of the dexFreight platform include TMS/FMS integration, load and capacity matching, safety data, rate negotiation, accessorial selection, P&D scheduling, shipment tracking, navigation and communication, and payments built on blockchain technology from the ground up.

Plans for the platform include escrow services, tokenized invoices, rate forecasting, on demand warehouse, load chaining, fleet optimization, bid preparation and risk prediction features, as well as third party apps.

In October 2018, dexFreight completed its first blockchain-based shipment using smart contracts. The platform, an ecosystem of open source protocols, blockchain and machine learning technologies, allowed the shipper and carrier to directly connect, negotiate rates, and schedule pickup and delivery.

For more information, visit www.dexfreight.io.

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