Tag: trucking

Semi-trucks in a lot during a Ritchie Bros heavy equipment auction in Bolton, Ontario, Canada, on Tuesday, May 9, 2023. Ritchie Bros Auctioneers Inc., a Canadian firm that sells heavy equipment at auctions around North America, struck an agreement in November to buy

The auction market for used commercial vehicles is about to get tested. Financial services firm Tiger Group on Feb. 19 will conduct ...

Used International trucks manufactured by Navistar International sit on the lot of the company's used truck facility in Melrose Park, Illinois Wednesday, Aug. 15, 2001. The fourth-largest truckmaker reported fiscal third-quarter earnings fell 98 percent as a glut of used trucks and the effects of the slowing U.S. economy reduced demand. The Melrose Park lot, one of 15 company owned lots, has nearly 300 trucks in inventory.

Canada’s Tornado launches financing arm

byEquipment Finance News, AI Assisted

February 6, 2025

Canadian hydrovac truck manufacturer Tornado Infrastructure Equipment has created a financing arm following a record-high sales performance in the fourth quarter. ...

Canada Cartage to Acquire Walmart Canada’s Fleet Business

Canada Cartage buys Walmart Canada’s fleet business

byEquipment Finance News, AI Assisted

February 4, 2025

Toronto-based Canada Cartage signed an agreement to acquire Walmart Fleet, the transportation division of Walmart Canada. Canada Cartage's acquisition will ...

A truck carrying vehicles near the Otay Mesa Port of Entry, on the US-Mexico border in Tijuana, Baja California, Mexico, on Monday, Jan. 27, 2025. Cargo like cars move along the border economy as US President Donald Trump signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, unless the US neighbors did more to clamp down on immigration.

Truck prices find stability as expectations for 2025 grow

byJohnnie Martinez II

February 3, 2025

Stable pricing in the trucking industry at the end of last year opens the door for a better 2025 after ...

MAN delivers first 10 long-distance EV trucks

byEquipment Finance News, AI Assisted

January 30, 2025

German commercial vehicle manufacturer MAN Truck and Bus, a subsidiary of Traton Group, has delivered its first 10 long-distance electric trucks. ...

North American net truck sales up 27% YoY

Volvo Financial Services’ credit portfolio swells in 2024

byQuinn Donoghue

January 29, 2025

Volvo Financial Services beefed up its credit portfolio in 2024 despite seeing a drop in total financed units. The financing ...

Used-truck retail sales surge 23%

byQuinn Donoghue

January 21, 2025

Used-truck sales spiked in December as fleet owners took advantage of favorable deals ahead of continued price hikes while benefiting ...

Hino Motors Ltd. autonomous trucks travel in convoy during a demonstration at a test course in Hamura, Tokyo Metropolis, Japan, on Monday, May 21, 2018. The Japanese bus and truck maker said today it will aim to have vehicles capable of complete self-driving in limited areas as soon as 2025, including driverless convoys.

Hino agrees to $1.2B settlement over emissions issues in U.S.

byEquipment Finance News, AI Assisted

January 17, 2025

Japanese commercial vehicle manufacturer Hino Motors has agreed to pay $1.2 billion to federal and California authorities to resolve a ...

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