Day two of ACT Research’s semi-annual Outlook Seminar began with a concentration of industry speakers talking about emerging technology, particularly electric powertrains and the use of hydrogen fuel. John Bennett, Meritor’s Vice President and Chief Technology Officer discussed electric powertrain options for heavy-duty commercial vehicles, while Dominik Beckman, Director of Marketing & Dealer Operations from Hino Motors, gave an OEM’s perspective on emerging technology, and Jeff Seger, Cummins’ Executive Director, Fuel Cell & Battery Powertrain Integration, provided the audience with that organization’s perspective on hydrogen technology.

Topics: freight rate, logistics, Press Releases, EV, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, heavy duty truck, commercial vehicle electrification, class8, commercial electric vehicle

ACT Research began its 64th Seminar on February 23 via a virtual platform, with a panel discussion about the current state and future of US economics. Panelists included Ryan Reed, Director of Investor Relations at Wabash National, as well as ACT’s Principal, Industry Analyst, Jim Meil, and Chief Economist, Sam Kahan.

Topics: freight, freight forecast, freight rate, logistics, Press Releases, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, truck freight rates, heavy duty truck, north american trailer, class8

According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, although 2021 is starting much like January of 2018, there are steep front-end challenges to production.

Topics: freight rate, logistics, Press Releases, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, heavy duty truck, class8

Preliminary used Class 8 volumes (same dealer sales) fell 8% month-over-month in January, but are 14% higher year-over-year compared to 2020, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.

Topics: freight rate, Used Trucks, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, class trucks for sale, used commercial truck, trucking, used truck values commercial, heavy duty truck

According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, the demand story for commercial vehicles remains unchanged this year, but the supply chain’s ability to respond to demand will be the key determinant of Class 8 and van trailer production in 2021.

Topics: freight rate, logistics, Press Releases, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, heavy duty truck, class8

Preliminary NA Class 8 net orders in January were 42,200 units, down 17% from December, but a 146% improvement from year-ago January. NA Classes 5-7 demand, with orders at 25,300 units, slid 28% sequentially but were still up 26% compared to last January. Complete industry data for January, including final order numbers, will be published by ACT Research in mid-February.

Topics: freight rate, logistics, Press Releases, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, heavy duty truck, class8

According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes, average price and average age all rose m/m, up 13%, 3%, and 1%, respectively, compared to November. Longer term, same dealer sales volumes were up 22% year-to-date against full-year 2019, with average price, miles and age all below December 2019 ytd rates, down 7%, 3%, and 8%, respectively.

Topics: freight rate, Press Releases, Used Trucks, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, class trucks for sale, used commercial truck, trucking, used truck values commercial, heavy duty truck

According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, challenges facing commercial vehicle OEMs and suppliers in January 2021 are vastly different from those being addressed one year ago.

Topics: freight rate, logistics, Press Releases, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, heavy duty truck, class8

Preliminary used Class 8 volumes (same dealer sales) rose 11% month-over-month in December, and are 25% higher year-to-date compared to 2019, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Compared to December of 2019, volumes gained 27%.

Topics: freight rate, Press Releases, Used Trucks, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, class trucks for sale, used commercial truck, trucking, used truck values commercial, heavy duty truck

According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, greater-than-expected build rates in November, the latest available data, continued to apply upward pressure to the forecasts, which resulted in an across-the-board rise in ACT Research’s commercial vehicle demand expectations.

Topics: freight rate, logistics, Press Releases, supply chain, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, heavy duty truck, class8