With its June Market Trends Report, Ritchie Bros. takes a closer look at trends in the used transportation equipment market. According to its latest price indexes, trucks prices are up approximately 46% year over year in the United States, but the rate of increase is down 6 percentage points from last month. Similarly, in Canada, prices are currently up 34% year over year for truck tractors, but down 9 percentage points from the May report. "We have now seen two sequential months of declines for our truck price indexes in the U.S. and Canada, compared to the peak levels we saw in February of this year," said Doug Olive, Senior Vice President, Ritchie Bros . "The transportation industry is currently facing headwinds with declining spot rates and record-high diesel prices, which is having a direct impact on the used market, particularly for older, high-usage trucks." Over the past six months, van and reefer spot rates have dropped as much as -13 to -14%
A vacuum truck is a tank truck that has a pump and a tank. The pump is designed to pneumatically suck liquids, sludges, slurries, or the like from a location into the tank of the truck