ACT Research recently announced its 68th OUTLOOK seminar, Driving Decarbonization: The Future of Commercial Vehicles, for February 21-23, 2023. The semi-annual event brings together ACT’s expert staff of analysts and economists with industry leaders to support planning and budgeting strategies for the road ahead. REGISTER NOW before prices increase on January 5, 2023. The last day to register is February 20, 2023.
The focus of ACT’s 68th Seminar will be the continuous development of decarbonization and technological advancement in on-highway transportation. ACT will provide the N.A. Commercial Vehicle & Transportation Industries Outlook for 2022-2027 and host industry experts for discussion. In addition, ACT will run a Forecasting 101 Workshop and an Executive Strategy Session. Committed seminar speakers, as of November 7 with more to follow, include: Jeff Kauffman, President, Vertical Research Group; Dean Vicha, President, NationaLease; and Kingsley Afemikhe, CFO, Xos.
ACT Seminar 68 will also cover current market activity and the economic trends impacting the trucking industry. The trucking panel will focus on both future industry technology and key current topics. It will be moderated by Tim Denoyer, VP & Sr. Analyst at ACT Research, and will feature Dean Croke, Principal Analyst, DAT Freight & Analytics; Robert Ragan, CFO, Melton Truck Lines; Scott Dobak, CEO, Grammar Logistics; and Travis Dietrich, Director of Refrigerated Logistics, Bay & Bay Transportation.
Tim Denoyer said, “It's great to have a range of highly esteemed industry executives to discuss the key dynamics around drivers, equipment, and freight rates that will help us better understand the outlook for the industry. And I’m particularly excited to welcome one of our key allies in freight data analysis, Dean Croke of DAT.”
Dean Croke added, “Supply of drivers was the big 2022 story, supply of trucks will be the story in 2023. The big question is, will the pent-up demand for new trucks in 2022 spill over into new truck deliveries increasing truckload capacity next year in time for the next market cycle? We’re looking forward to discussing this hot topic at ACT Seminar 68.”
ACT Research holds two seminars per year for the benefit of its N.A. CV OUTLOOK and Freight Forecast: U.S. Rate and Volume OUTLOOK subscribers. The N.A. CV OUTLOOK is a robust report that forecasts the future of the industry, looking at the next 1-5 years, with the objective of giving OEMs, Tier 1 and Tier 2 suppliers, and investment firms the information needed to plan accordingly for what is to come. The report provides a complete overview of the North American markets, as well as takes a deep dive into relevant, current market activity to highlight orders, production, and backlogs, shedding light on the forecast. Information included in this report covers forecasts and current market conditions for medium and heavy-duty trucks/tractors, and trailers, the macroeconomies of the US, Canada, and Mexico, publicly-traded carrier information, oil and fuel price impacts, freight and intermodal considerations, and regulatory environment impacts. The monthly 56-page ACT Freight Forecast report provides forecasts through 2023 for volumes and contract rates for the truckload, less-than-truckload and intermodal sectors of the transportation industry, including the Cass Freight Index® and Cass Truckload Linehaul Index®. For the truckload spot market, the report forecasts rates through 2022. The Freight Forecast provides unmatched detail on the freight rate outlook, helping companies across the supply chain plan with greater visibility and less uncertainty.
DAT operates the largest truckload freight marketplace in North America. Transportation brokers, motor carriers, news organizations and industry analysts rely on DAT for market trends and data insights based on 500 million freight matches and a database of $137 billion in annual market transactions. Founded in 1978, DAT Solutions LLC is a wholly owned subsidiary of Roper Technologies (NYSE:ROP), a diversified technology company and constituent of the S&P 500 and Fortune 500 indices.
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
With numerous technology applications and a current lack of mass adoption, the path to understanding the autonomous technology horizon is quality economic modeling. ACT Research, the gold standard in market data, forecasting, and total-cost-of-ownership development for the commercial vehicle market, has developed DRIVING AUTOMATION, a report aggregating relevant market information, diving deep into autonomous models, and presenting a technology adoption rate forecast over a 20-year horizon. To learn more about DRIVING AUTOMATION, click HERE.
For businesses working to understand the future of decarbonized powertrains across Classes 4-8 vehicles, ACT Research is continuing to develop and report groundbreaking analyses of various propulsion systems' evolution of battery and fuel cell electric and hydrogen internal combustion, government regulations and subsidies, electric, hydrogen, natural gas, and gasoline supply, and infrastructure as well as a TCO model of 50 unique vehicle applications across North America, Europe, and China through 2040. To join ACT Research in this effort as we work to develop our third edition of CHARGING FORWARD, a decarbonization forecast thru 2040, and to learn more, click HERE.
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