Strong sales for Class 8 trucks expected in 2023 despite challenges
The trucking industry has faced several challenges, including higher finance costs, restrictive credit availability, and declining freight volumes and rate pressure. However, ACT Research continues to see healthy sales and build trends for Class 8 trucks this year, despite a likely recession that could hit by June. One of the key factors contributing to the […]
Rise in Cargo Theft Across US and Canada in 2022
Cargo theft recording firm, CargoNet, recorded 1,778 supply chain risk events in the United States and Canada in 2022, marking a 15% increase over 2021. The company’s data showed that events that involved the theft of heavy commercial vehicles, such as semi-trucks and semi-trailers, rose by 17% YoY, while events that involved the theft of […]
Tackling the New Challenges Facing Trucking Companies in a Post-Pandemic World
The trucking industry has gone through major changes in the past few years, with trucking companies having to answer a wide range of questions about their operations, from mask mandates and driver protections to zero-contact delivery and creative solutions for in-home installations. Now, these questions have been answered, but new questions about location, sustainability, and […]
Impact of Technology on the Trucking Industry
The trucking industry is undergoing a period of rapid change, and one of the biggest drivers of this change is technology. Over the past few years, technology has had a profound impact on the trucking industry, and it is transforming the way that trucking companies operate and the services they provide. One of the biggest […]
The Challenges and Opportunities of Being a Small Business Owner in the Trucking Industry
Being a small business owner in the trucking industry can be both challenging and rewarding. While there are many opportunities for growth and success, there are also several obstacles that small trucking businesses must overcome in order to thrive. One of the biggest challenges that small trucking businesses face is the intense competition in the […]
Impact of Technology on the Trucking Industry
The trucking industry is undergoing a period of rapid change, and one of the biggest drivers of this change is technology. Over the past few years, technology has had a profound impact on the trucking industry, and it is transforming the way that trucking companies operate and the services they provide. One of the biggest […]
Benefits of Using Equipment Finance to Purchase Equipment
The trucking industry is a vital part of the global economy, and it relies heavily on a fleet of well-maintained and reliable vehicles. For many small and medium-sized trucking businesses, purchasing the necessary equipment can be a major financial challenge. This is where equipment financing comes in. Equipment financing is a type of loan that […]
Expect Diesel Price Drops in EU Amid Russian Import Ban
The price of diesel in the European Union (EU) is expected to fall due to the ban on imports of Russian products, including diesel, which comes into effect on 5th February. The ban has a price cap which will reduce the amount of revenue flowing to Moscow. The pending ban has resulted in a rush […]
