Day three of ACT Research’s semi-annual Outlook Seminar featured two panel discussions, the first included three truck dealer executives, while the second set of three speakers covered autonomous technology.
Seminar attendees were treated to some fantastic insights from dealer panelists Jon McCoy, Corporate VP Used Trucks with Truck Country, Henry Knabe, General Manager at H.K. Truck Center, and Steve Bassett, President of General Truck Sales. Steve Tam, ACT’s Vice President, who served as moderator of the session, noted, “Commercial vehicle dealers are facing many of the same challenges as the broader industry. Namely, delivery of trucks for their customers is delayed, they have very few units in inventory, and parts are difficult to come by. All of this results in higher prices for their customers, as well as increased downtime as trucks wait for repairs.” Commenting on the future, he added, “Dealers are optimistic that the current dynamics will be addressed and issues resolved, but are uncertain about the timing of when that will happen.”
Before the seminar closed, Ann Rundle - ACT’s Vice President of Electrification and Autonomy - moderated an autonomous technology panel, featuring Dino Nardicchio, Head of Automotive and AV Partnerships with Cavnue, Jon Barad, VP of Business Development for Velodyne, and Asad Lesani, CEO at Bluecity. According to Rundle, “The Autonomous Technology panel speakers shared insights into infrastructure technologies which their respective companies are developing, that serve as enablers towards adoption of vehicle autonomy. The panel discussion focused on informing Seminar 65 attendees how enhancements to infrastructure, along with implementation of on-vehicle technologies and systems, will help see autonomous trucks become a reality. It seems that the future is arriving!”
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 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 www.actresearch.net.
ACT’s 66th Seminar is scheduled for February 22-24, 2022. Look for more details on this event over the coming months and save the date for February’s event. When details are available, they may be found at www.actresearch.net.
ACT’s commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, was published on March 31, 2021, after months of extensive research. Utilizing industry expertise and analysis, as well as the input from a comprehensive list of key industry study participants, ACT Research has developed a critical guide for battery electric and fuel cell electric unit build and sales forecasts over the next two decades. With coverage of Classes 4-8 commercial vehicles, ACT has identified 14 market subsegments and more than 20 application types; this one-of-a-kind report is a must-have for those investing or investigating electric power opportunities. To learn more or to purchase this report, click here.