Volvo Group reported net income slipped and revenue increased modestly in the fourth quarter, and noted that global demand for trucks remained high amid a steep decline in sales of construction equipment in China and a falloff in its bus business.

The average retail price for a used Class 8 vehicle in December forged ahead to another monthly record as it cleared $82,000. That was 66% higher compared with a year earlier, ACT Research reported.

Paccar Inc. reported fourth-quarter net income rose 26% and revenue increased by about $1 billion compared with a year earlier.

The national average price of a gallon of diesel reached its highest cost in more than seven years, rising 5.5 cents to $3.78, according to Energy Information Administration data released Jan. 24.

The Traton Group reported sharp increases in its unit sales and incoming orders for commercial vehicles in 2021 compared with 2020 despite the continuing influence of the COVID-19 pandemic and the difficulties in the supply of semiconductors.

U.S. retail sales in December of Classes 4-7 commercial vehicles reached the second-highest volume for 2021 despite declines across the board. Sales in the month fell 8.9% compared with a year earlier, WardsAuto. com reported.

If your fleet uses vans and step vans, medium-duty box trucks, terminal tractors or heavy-duty regional haul tractors, then now is the time to think of them as viable options for electrification, the North American Council for Freight Efficiency stressed in its recent initial report from its three-week Run On Less-Electric demonstration in September.

U.S. preliminary net trailer orders in December fell 39% compared with a year earlier and 17% below November’s peak volume as operational challenges remained firmly in place, according to ACT Research, which cited trailer makers’ initial data.

The national average price of diesel shot up 4.4 cents to $3.657 a gallon after seven consecutive declines, according to Energy Information Administration data released Jan. 10.

Class 8 U.S. retail sales in December rose 15.5% compared with a year earlier, and reached the high point for the year, WardsAuto .com reported Jan. 12.