PORTLAND, OR – Capturing nearly 40% of the North American Class 6-8 truck market, it was a banner year for Daimler Trucks North America, and according to president and CEO Roger Nielsen, the company isn’t done yet.
Daimler sold more than 470,000 trucks worldwide last year to the tune of more than CAN $57.7 billion in revenue and a 6.7% return on sales.
Nielsen credits the strong year on sales of the New Cascadia, with 46,000 orders for the truck in the first year. That number is a significant boost over the first-year sales of the original model which sold about 25,000 units in its debut year.
BLOOMINGTON, IN – FTR Intelligence is predicting the strong start for trucking in 2018 will continue, leaving fleets to get creative when solving the problems created by a market already at capacity.
Avery Vise, vice president trucking research, says although fuel rates leveled in the first week of the new year, they aren’t expected to drop dramatically in the near future, contributing to record-level spot rates and rising contract rates he expects will peak and then fall sometime in late 2018 or early 2019, but will still remain high.
The reefer market was also up in the first week of 2018, with a polar vortex creating an increased need for temperature-controlled transport to keep products from freezing.