Equipment
As demand in the used truck and trailer market rebounds, fleet owners who keep assets idle for extended periods may miss opportunities to monetize them. Compared to private sales, which are time-consuming and have limited buyer reach, public live auctions leverage centralized marketing, professional appraisals, and a nationwide buyer network to help fleets recover capital faster and reduce administrative burdens. Drawing on Taylor & Martin's over 60 years of industry experience, this article outlines three core advantages of auctions in cost control, market exposure, transaction transparency, and process simplification.
Chicago-based private OEM Great Dane announced on July 13 that Eddie Martin will serve as Executive Vice President and Chief Commercial Officer, effective August 3. Martin will lead commercial strategy and sales, filling vacancies left by executive changes including the retirement of President and Chief Operating Officer Rick Mullininx at the end of the year.
On July 20, Forward Air reached a non-binding memorandum of understanding with an unnamed major customer, expected to retain at least half of its business, with the potential to retain an additional 25%. The customer contributed approximately $250 million in revenue in 2025, and the partnership has lasted 20 years.