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Market Analysis
Industry News: Page 219
On-Highway
April Trucking Conditions Index Reflects Favorable Seasonal Environment for Carriers
FTR Transportation Intelligence
FTR's Trucking Conditions Index reached a reading of 11.5 in April, reflecting strong freight demand and continued tightness in capacity.
Safety
Volvo CE Tests Safety Concepts with Customer
Volvo Construction Equipment
Volvo CE is working on a research project to improve work site safety, testing technologies such as a people detection system which uses Artificial Intelligence (AI) to alert the operator when a person is detected in the vicinity of the machine.
Brake System
Bendix Air Disc Brakes Now Standard on International Trucks' Severe Service Trucks
International Trucks
International Trucks has made the Bendix ADB22X air disc brakes a standard feature on its International HV Series and HX Series models.
Automated Systems
Global Mining Automation Market Expected to Reach $3,810 Million by 2023
Allied Market Research's new report shows the global mining automation market will grow at a CAGR of 7.9% from 2017-2023.
Mining
Epiroc Becomes Fully Independent Company
Epiroc
Shares of Epiroc AB have started trading on Nasdaq Stockholm in Sweden, marking the start of Epiroc as a fully independent company.
Mining
Mining Equipment Market Worth $128.39 Billion by 2025
Grand View Research Inc. has released a new report showing the mining equipment market will grow at a CAGR of 6.5% due in part to rising drilling and exploration activities globally.
On-Highway
Proterra Enters Canadian Market with First Catalyst E2 Electric Bus Order for Toronto
Proterra Inc.
The initial 10 Proterra buses represent Toronto's first battery-electric bus order as part of its goal of transitioning its entire fleet to zero-emission vehicles.
Trends
Market for Electric Trucks and Vans will Reach $480 Billion by 2028
IDTechEx
IDTechEx Research's new report Electric Trucks and Delivery Vans 2018-2028 finds the market for electric trucks and vans will reach $480 billion by 2028.
Automated Systems
Volvo Demonstrates Autonomous Bus
Volvo Group Global
The prototype is based on Volvo's commercially produced electric city bus, which has been modified for autonomous operation.
Industry News
Future-Proofing Excavators
Volvo Construction Equipment
Volvo Construction Equipment’s Vice President of Excavator Business Platform Sungmo Yang discusses three market shifts set to impact the future of excavators.
Telematics
OnCommand Connection Telematics Services Now Offered Standard on On-Highway International Trucks
Navistar International Corp.
OnCommand Connection will be offered as standard on all International LT Series, RH Series and LoneStar models using International or Cummins engines.
Lighting
Matrix UVision Lighting
Matrix Design Group LLC
The Matrix UVision lighting features a custom-developed LED array which better illuminates reflective materials for increased safety within mining environments.
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