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ACT Research: Class 8 Market-Leading Indicators Continue to Erode

Posted by Jennifer McNealy on Aug 20, 2019 6:00:00 AM

According to ACT Research’s (ACT) latest State of the Industry: Classes 5-8 Report, Class 8 market-leading indicators continue to erode, in concert with deteriorating freight volumes and rates, even as mid and downstream data points remain robust.

SOI 8-20-19“Ultimately, the current situation of weak orders and strong builds is unsustainable,” said Kenny Vieth, ACT Research’s President and Senior Analyst. He explained, “July orders conformed to traditional seasonal patterns, falling 80% year-over-year, while industry build posted its second strongest per-day rate since November of 2006. This order-to-build imbalance has caused backlogs to tumble since their October 2018 peak. Unfortunately, without a catalyst in sight, it is a trend that we expect to continue.”

ACT Seminar_82Regarding the medium duty markets, Vieth commented, “Medium duty metrics remain in better balance, but there are signs of modest fraying, with orders below year-ago levels for a seventh consecutive month in July, the build rate accelerating, backlog falling, and inventories rising. While below the rate of build, retail sales continue strong.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American 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. More information can be found at www.actresearch.net.

Click here for more information about ACT’s State of the Industry: Classes 5-8 Report.

Topics: freight rate, transportation, logistics, shipping, Classes 5-8, Economy, Press Releases

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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