ACT Research: Bottoming Process Progressing, Loose Market Conditions Should Rebalance Through 2023

ACT Research released the December 2022 installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.

Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “We’re pleased to announce the first new product since we began our partnership with DAT almost three months ago. We’ve been forecasting DAT spot rates by trailer type for nearly four years, and this month we’ve added DAT contract rate forecasts for the dry van, reefer, and flatbed markets through 2024.”

"We’ve been forecasting DAT spot rates by trailer type for nearly four years, and this month we’ve added DAT contract rate forecasts for the dry van, reefer, and flatbed markets through 2024." -Tim Denoyer, Vice President & Senior AnalystHe added, “While it’s not a particularly positive forecast for the near term, we believe the bottoming process is picking up speed and the loose market current conditions should rebalance over the course of 2023.”

The monthly 59-page ACT Freight Forecast report provides forecasts through 2024 for volumes and contract rates for the truckload, less-than-truckload, and intermodal sectors of the transportation industry, including the Cass Shipments 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.

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

ACT’s 68th Seminar is scheduled for February 21-23, 2023. The focus will be the continuous development of decarbonization and technological advancement in on-highway transportation. Each event ACT shares its best-in-class data and forecast in presentations while featuring guest speakers to expand upon topics of interest for the benefit of attendees. More information about Seminar 68 DRIVING DECARBONIZATION: THE FUTURE OF COMMERCIAL VEHICLES is forthcoming. Click HERE to register now.

Forecasting 101 Workshop: On February 21, 2023, our senior analysts widen the knowledge base and skill set of attendees tasked with planning and forecasting responsibilities. This session is designed for you and/or team members who are looking for additional training and continuous education. Attendees will benefit from a coherent and disciplined forecasting thought process to better understand how the results relate to key lead indicators and other forecast inputs (drivers). You can learn more or register for the Forecasting 101 Workshophere

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.

Click below to access: 

More information about ACT’s Freight Forecast, U.S. Rate and Volume OUTLOOK.

Information about ACT’s freight-related databases.

November’s Freight Forecast press release. 

ACT’s In the News page.

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