According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the Class 8 average retail sale price gained 6.2% month over month in June. On a year over year basis, prices were up 10.4%.
"Well, it finally happened. That average retail sale price of a used Class 8 truck increased year-over-year for the first time since December 2022,” said Steve Tam, vice president at ACT Research.“The comparisons have been getting progressively easier over the past two-and-a-half years. In addition, trucks sold in June were younger and had fewer miles on them, a trend that has been in play for some time.”
“But how are used trucks able to command higher prices when the economy and freight volumes are stagnant, spot freight rates seem like they are etched in stone, and used truck demand feels like it is moving sideways? The answer is not straight forward. The data and analysis are averages, and different segments of the industry are experiencing different realities. On top of that, hard-working used truck sales professionals are mining their customer databases in search of customers who may be in a position to buy."
ACT’s Used Classes 3-8 report provides data on the average selling price, miles, and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs.
Kansas company uses apprenticeships for drivers
Goodland-based Frontier Ag Inc. is launching an apprenticeship program to train commercial drivers through Kansas Farm Bureau’s (KFB) Rural Kansas Apprenticeship Program (RKAP).
“Frontier Ag is excited to launch its apprenticeship program to successfully recruit and retain CDL drivers,” said Michelle Douglas, Frontier Ag’s human resources manager. “Our pay and training is already competitive, but the partnership with RKAP gives us another edge in building our skilled workforce to serve our members.”
Frontier Ag will pay for apprentices without a CDL to receive certification through Fort Hays Tech Northwest in addition to providing on-the-job training. Apprentices will also receive certification allowing them to transport hazardous materials safely and legally.
Apprentices will be recruited, interviewed, hired and employed by Frontier Ag. For more information about current openings, visit www.frontieraginc.com and click on “Careers” under “Frontier Ag” on the top menu.
RKAP will serve as the intermediary sponsor working with Frontier Ag and the Kansas Office of Registered Apprenticeship to assist in the administration of these apprenticeship opportunities. Apprentices will receive mentorship, training and compensation while developing skills as CDL drivers.
“The partnership with Frontier Ag recognizes apprenticeships offer a competitive edge for employers seeking to hire and train talented workers” said Kylee Stout, RKAP business development manager. “We’re excited to help tailor a program that will open up new recruiting pathways to fill labor gaps in rural Kansas.”
RKAP helps agriculture-related businesses and those operating in rural Kansas customize apprenticeships based on their needs. RKAP helps businesses develop curriculum and manage reporting requirements associated with an apprenticeship. To learn more, visit www.kfb.org/RKAP or contact Stout at [email protected].
ICYMI
RIP speed limiter mandate; DOT withdraws proposed rulemakings
7 CMV involved in I-95 crashes that killed 2, injured 9 others in SC
Driver Poll: When you're stuck waiting (delays, reset, etc.), what do you most often do?
