Chris Fisher

  • NY Trucking Group Pushes for Delay of Emissions Rule

    Chris Fisher

    The Trucking Association of New York (TANY), along with Assemblywoman Donna Lupardo and other state transportation stakeholders, called on legislators to reconsider implementation of California Air Resources Board (CARB) Advanced Clean Truck (ACT) regulations set to take effect in the state just more than two months from now. 

    TANY President Kendra Hems called for an “immediate delay.”  New York joins Oregon in attempting to flex rules that were supposed to launch in January requiring a percentage of new trucks sold in their states to be zero-emission vehicles.

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  • Q3 2024 Truck Production Index Falls 8.9%

    and
    TPI Report — Oct 2024Download

    St. Paul, MN (Oct. 13, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 123 to 112, or-8.9%, for the three-month period ending Sept. 30, 2024, from the Q2 2024. The year-over-year (Q3 2023 to Q3 2024) decrease for the PSR-TPI was, 114 to 112, or -1.8%.

    The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

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  • Volvo To Launch Hydrogen Powered Trucks

    GLOBAL REPORT
    Chris Fisher
    Chris Fisher

    Volvo has announced plans to begin on-road testing of trucks equipped with hydrogen powered internal combustion engines starting in 2026 with the commercial launch planned towards the end of this decade. Trucks that run on green hydrogen provide a significant step for Volvo to achieve its net zero goal and support customers to reach their decarbonization targets.

    Trucks that run on green hydrogen instead of fossil fuels provide one way to decarbonize transport. Hydrogen trucks will be especially suitable over longer distances and in regions where there is limited charging infrastructure, or time for, recharging of batteries.

    The hydrogen-powered combustion engine trucks will complement Volvo’s offering of other alternatives, such as battery electric trucks, fuel cell electric trucks and trucks that run on renewable fuels, like biogas and HVO (Hydrotreated Vegetable Oil).

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  • Q2 2024 Power Systems Research Truck Production Index (PSR-TPI) climbs 11.5%

    and
    TPI Report — Jul 2024Download

    St. Paul, MN (July 29, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 113 to 126, or 11.5%, for the three-month period ending June 30, 2024, from Q1 2024. The year-over-year (Q2 2023 to Q2 2024) increase for the PSR-TPI was 125 to 126, or 0.8%.

    The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

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  • 2024 MHCV Production Expected To Decline by 1.6%

    GLOBAL REPORT
    Chris Fisher
    Chris Fisher

    In 2024, medium and heavy commercial vehicle production in Europe, South Asia and North America is expected to decline modestly while production in China, South America, Japan and Korea is expected to improve over last year.   

    Globally, medium and heavy commercial vehicle production is expected to decline by 1.6% this year over 2023.  Moving into 2024, much of the focus on demand is centered around slowing global economic conditions that will likely impact overall freight demand. 

    North America. Medium and heavy commercial vehicle production is expected to decline by 4.3% this year over 2023 after strong class 8 truck production last year was driven by on-going pent-up demand.  While class 8 demand is expected to decline this year, it will still be at a relatively high level, especially during the first part of the year. 

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  • North America and Europe MHCV Alternative Power Update

    Chris Fisher
    Chris Fisher

    As the governments of Europe and North America (U.S. and Canada) continue to push for a transition from fossil fuel powered vehicles to zero-emission vehicles, a number of significant barriers to adoption will continue to hamper this initiative.  

    Significant barriers to adoption of zero-emission vehicles include the total cost of vehicle ownership, a lack of charging and grid infrastructure, truck resale values and duty cycle issues.  The primary types of alternative propulsion that are in focus include Battery Electric, Hydrogen Fuel Cell and Hydrogen ICE engines and to a lesser degree, Natural Gas and Biodiesel ICE engines. The vast majority of the medium and heavy commercial vehicle industry support the transition to zero-emission vehicles but the short timeline for implementation is causing great concern throughout the industry.

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  • Volvo To Build Truck Plant in Mexico

    GLOBAL REPORT
    Chris Fisher
    Chris Fisher

    In April 2024, Volvo announced that it will build a heavy-duty truck manufacturing plant in Mexico to supplement the Group’s U.S. production. The plant will provide additional capacity to support the growth plans of Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America.  The plant is expected to be operational in 2026. 

    The new plant will be approximately 1.7 million square feet in size, and will focus on production of heavy-duty conventional vehicles for the Volvo and Mack brands. It will be a complete conventional vehicle assembly facility including cab body-in-white production and paint.  At the time of this writing, Volvo has not announced the location of the new production facility.

    Source: Volvo AB

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  • Q1 2024 Power Systems Research Truck Production Index (PSR-TPI) falls 4.5%

    and

    St. Paul, MN (April 15, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 116 to 111, or 4.5%, for the three-month period ending March 31, 2024, from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI was flat at 111. There was no change.

    TPI Report — Apr 2024Download

    The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

    This data comes from OE Link™, the proprietary…

    Read More »

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