2023-01-25 19:32:38

Making America's semitrucks

Logo CNBC
CNBC
By Robert Ferris

In this article

  • 8TRA-DE
  • VOLV.B-SE
  • PCAR
  • DTG-DE

Follow your favorite stocksCREATE FREE ACCOUNT

Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing extremely tight supply constraints to filling orders now that parts are starting to flow more freely.

"Demand for trucks is, I would say, unprecedented," said David Carson, SVP of sales and marketing for Daimler Trucks North America. "We've seen an incredible demand going through Covid and continuing well into next year. That demand actually exceeds our capacity and it exceeds the capacity of the entire industry."

Somewhere between 95,000 and 284,000 new semitrucks are sold in America each year, and as of late 2022 sales were on track to be on the high end of that, said J.D. Power analyst Chris Visser. On average, a semi with a sleeper cabin will cost about $150,000. A fully loaded one can run above $200,000.

Continue read on cnbc.com

Logo Benzinga
Business / FinanceBy Pr Com2023-01-25 12:00:00
As part of an early adopters' program and a first step in reducing the climate impact of its North American road freight business, DSV has placed an initial...

Logo PR Newswire
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- Less-than-truckload (LTL) market i nsights - Vendors : 15+, Including Allcargo Logistics Ltd., ArcBest Corp, Averitt...

Logo The New York Times
TechnologyBy Jack Ewing2023-01-24 23:03:17
The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric...

Logo EIN Presswire
AutoPress Release2023-01-25 09:48:11
Road Haulage Market Road Haulage Market with Covid-19 impact by Type, End-user Industry and Region-Global Forecast to 2030 NEW YORK, NY, UNITED STATE,...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-25 12:15:00
Hyliion Holdings Corp. HYLN ("Hyliion"), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that DSV has placed an initial...

Logo PR Newswire
DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "United States Automotive Technicians' Choice Survey, 2021" report has been added to ResearchAndMarkets.com's...

Logo PR Newswire
AutoPress Release2023-01-25 13:03:00
Top Manufacturer of EV Yard Trucks in the United States Invests in Becoming the Leading Provider Across All of North America KANSAS CITY, Mo., Jan. 25, 2023...

Logo The Business Journals
Business / Finance2023-01-24 22:28:47
Production at Paccar's Kirkland and Renton facilities is expected to be steady and strong throughout 2023 as the Bellevue-based company responds to pent-up...

Logo CNBC
EconomyBy Lora Kolodny2023-01-25 00:46:17
Key Points Tesla said in a statement that its its expanding facilities in Nevada will include a 100 GWh battery cell factory and high-volume factory to...

Logo PR Newswire
DUBLIN, Jan. 24, 2023 /PRNewswire/ -- The "North America Virtual Pipeline Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type,...

Logo PR Newswire
MILWAUKEE, Jan. 24, 2023 /PRNewswire/ -- The "Global Electric & Hybrid Semi-Trailers Market by Type (Flat Bed Trailer, Dry Vans, Refrigerated Trailers,...

Logo PR Newswire
AutoPress Release2023-01-25 06:30:00
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The global connected car market size is estimated to increase by USD 172,767.39 million from 2022 to 2027. The...

Logo The Business Journals
Business / Finance2023-01-25 02:07:22
GM's $1.5 billion investment in the midsize truck line and upgrades to the Wentzville plant included changes to the general assembly area, the body shop and...

Logo PR Newswire
AutoPress Release2023-01-25 07:00:00
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The global electric vehicle market size is estimated to increase by 25,927.15 thousand units from 2022 to 2027. The...

Logo GlobeNewswire
EconomyPress Release2023-01-25 16:00:00
Carbide Tools Market Size By Operating Mode (Manual and Automatic), By Coating (Coated and Non-Coated), By Type (Router Bits, Circular Saw Blades, Mills,...

Logo Nasdaq
Business / FinanceBy Validea2023-01-25 15:00:00
Below is Validea's daily guru fundamental report for TRACTOR SUPPLY CO ( TSCO ). Of the twelve guru strategies we follow, TSCO rates highest using our...

Logo PR Newswire
DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "Car Care Products Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. This...

Logo PR Newswire
AutoPress Release2023-01-24 10:00:00
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global automotive aftermarket market size is estimated to grow by USD 164.58 billion from...

Logo PR Newswire
AutoPress Release2023-01-24 10:30:00
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global automotive connected car platform market size is estimated to grow by USD 5,694.07...

Logo EIN Presswire
AutoPress Release2023-01-25 07:33:28
Emergen Research Logo Depleting resources of fossil fuels, and rising need for eco-friendly vehicles are driving electric vehicles market revenue growth...