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Western Star trimmed its truck lineup recently, ending production of the 57X on-highway tractor as parent company DTNA seeks to expand its heavy-duty vocational truck market share.

Paccar is aiming for a 35% share of the North American heavy-duty truck market, set to be aided by tariffs and production plant flexibility, senior executives told analysts Feb. 10.

“Broadly speaking, freight demand trends are gradually improving,” said Carter Vieth, research associate at ACT Research.

Truck rental utilization is a key performance indicator for the fortunes of Ryder’s biggest business unit and for the health of the freight market in general, CEO Robert Sanchez said.

In the face of a challenging market downturn, freight brokers must continue to showcase remarkable resilience and adaptability. Through proactive strategies and innovative approaches, they can survive and thrive in adversity. Discover the secrets behind success as we explore how freight brokers should navigate the uncertainty of a down market.

The second quarter of 2023 has revealed a potentially bleaker outlook for the freight market, almost reaching numbers of the freight recession witnessed in 2019. Discover the secrets behind success as we explore how freight brokers should navigate the uncertainty of a down market.

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Canada's $230 billion industrials group has become the third-most valuable collection of companies on its equity market.