Equipment

Daimler Trucks North America CEO Roger Nielsen sees the production and sale of new trucks reaching replacement levels by the end of 2020.

The trucking industry could soon see a jump in contract rates if the current environment holds steady, experts said.

Schneider said it will test the Freightliner eCascadia through 2021 to address potential challenges to widespread use of commercial battery-electric vehicles.

U.S. orders for durable goods rose in July by more than double estimates amid a continued surge in automobile demand, indicating factories will help support the economic rebound in coming months.

Mercedes-Benz AG announced the Freightliner Sprinter van will be discontinued and all retail sales completed by Dec. 31, 2021.

Hendrickson announced it acquired the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco, which in June reported it is refocusing resources on its core wheel-end and king pin product lines.

Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.

Confidence in the equipment finance market rose in August, according to the Equipment Leasing & Finance Foundation.

Day & Ross detailed the potential next steps of its multiyear expansion plan amid the completion of a new facility Aug. 19.

U.S. trailer orders climbed again in July, reaching 19,300, the most this year, FTR reported.