In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that recently softer Class 8 orders are attributed to backlogs that are still out about 10 months: Many of the orders normally booked in the year’s first quarter were actually placed in the rush to get into the queue in the second half of 2018. The report provides monthly analysis on transportation trends, equipment markets, and the economy.
“The rolling-over of ACT’s dashboard guidance suggests today’s order weakness will transition from ‘too much backlog’ to an equipment supply-freight demand imbalance in the near future,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “That said, heavy commercial vehicle markets continue to benefit from key triggers, including still-strong freight rates (being marked-down from record levels) and new technologies, like better fuel efficiency and safety technologies, as well as increased demand generated in the trailer segment for drop-and-hook to keep drivers moving.”
ACT’s 60th seminar is scheduled for March 25-27, 2019, and will feature a trucker/fleet panel, as well as discussions on near-term demand of commercial vehicles and the impacts of emerging technologies on change in the North American commercial vehicle industry.