Parts and Service Revenue Growth
Parts and service business delivered both sequential and year-over-year revenue growth in Q3, demonstrating resilience with a 16% year-over-year growth and about 2% sequentially.
Expansion of Upfit Centers
Successfully opened 2 new upfit centers in Q3, with plans to open another in Phoenix in Q4, setting the stage for continued growth.
Trailers as a Service Initiative
Continued expansion of Trailers as a Service (TaaS), including new capabilities like predictive analytics and automated tracking, positioning for future demand recovery.
Settlement of Legal Matter
Finalized a settlement related to a 2019 legal matter, resolving uncertainty with a net adjustment of approximately $81 million in Q3.