Lower used truck prices will hit Ryder profitability in ’23
Ryder’s 2023 profitability forecast assumes lower numbers due to falling used truck prices.
In terms of the trucking industry, original equipment manufacturer (OEM) refers to parts made by the same company that makes the vehicle (as opposed to aftermarket parts, which are produced by different companies and designed to be compatible with as many vehicles as possible). While OEM products may cost more than aftermarket upfront, the price reflects the quality.
The biggest commercial truck manufacturer in the world is Daimler AG (better known as Daimler Chrysler), which produces the brands Mercedes-Benz, Western Star, Freightliner, Sterling Trucks, and Fuso, among others. Other leading commercial truck manufacturers include Volkswagen Group (which produces MAN, Scania and Volkswagen Commercial-Vehicles), Volvo Group (which produces Volvo, Renault, Mack, Eicher, and UD Trucks), and Dongfeng Motor, China’s largest automaker.
Check back here for the latest news and updates related to OEM and trucking. You can also find additional commercial trucking news in our Trucking News archive .
Ryder’s 2023 profitability forecast assumes lower numbers due to falling used truck prices.
Batteries. Electrified components. Fuel cells. Cummins Inc. has plans for all of them. But hydrogen-making electrolyzers top the list.
Class 8 truck orders in January fell year over year for the first time since August, lightening the 2023 backlog.
A cross-section of Industry experts offer thoughts on how transportation management systems will integrate with autonomous trucks.
If history is a guide, advanced technologies in Daimler Truck North America’s SuperTruck II prototype could end up in production.
Daimler Truck created capacity for 2,000 battery-electric trucks in 2022, but the lack of charging infrastructure stunted deliveries.
The National Highway Traffic Safety Administration fined the Volvo Group $130 million for slow reporting of safety recalls.
Deliberate perfectly describes Paccar’s approach to trucking electrification. The company offers nine commercial electric trucks but skips the hype.
Uber Freight and Volvo Autonomous Solutions are stressing patience over hype in working to digitally schedule loads for the truckmaker’s one-stop shop for all things autonomy.
Jonathan Randall has been named to the vacant North American presidency of the brand where he led sales and commercial operations.