According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard slipped in September to a -4 reading, the sixth moderately downbeat reading in seven months.
The Transportation Digest, which combines proprietary ACT data and analysis from a wide variety of sources, paints a comprehensive picture of trends impacting transportation and commercial vehicle markets. This monthly report is designed as a quick look at transportation insights for use by fleet and trucking executives, reviewing top-level considerations such as for-hire indices, freight, heavy and medium duty segments, the US trailer market, used truck sales information, and an overview of the US macro economy.
“We think the Dashboard readings suggest a better outcome for Class 8 than was the case in the last two downturns (COVID 2020 and the popping of the global commodity bubble in late 2014). In those events, the negative readings reached double-digit levels,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “While we suspect more negative readings are inbound, they are not here yet.”
When asked about underlying takeaways, Vieth concluded, “in the latest reading, we saw the trucking stock index fall back into negative territory, while Class 8 cancellations moved from negative to neutral territory. Of the 15 variables in the Dashboard, three were at ‘positive’ levels, in line with August, while the number in ‘negative’ territory increased from six to seven.”
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.
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