Preliminary NA Class 8 net orders in December 2019 were 20,000 units, up 14% from November and down just 6.5% from year-ago December, as the industry transitions to much easier year-over-year comparisons. Complete industry data for December, including final order numbers, will be published by ACT Research in mid-January.
Topics: freight, logistics, Press Releases, class 8 trucks, supply chain, commercial vehicle sales data, truck market, north american trucking, class 8 truck, american truck and trailer, transportation industry news, trucking, HeavyDuty, heavy duty truck, class8
In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that three factors are at work in the weak outlook for heavy commercial vehicles in the coming two years: demand, supply, and timing. While some, like the oversupply of equipment, have been on the radar for a long time, others, like the growing weakness in manufacturing and the broader economy, have come on slowly and inexorably over several months.
Topics: logistics, CV Dealer Digest, Press Releases, class 8 trucks, commercial truck report, 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
According to ACT Research’s recently released Transportation Digest, carrier profitability and by extension Class 8 demand are heading toward tougher business conditions in 2020. Succumbing to the slowing economy, forward-looking metrics in the medium duty Classes 5-7 markets were awash in a sea of red ink in October, although moderate growth persists in build expectations.
Topics: freight, transportation, logistics, shipping, Economy, Press Releases, Transportation Digest, class 5-8 trucks, class 8 trucks, commercial truck report, 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, demand planning, us freight, last mile delivery, HeavyDuty, Economics, semitruck, heavy duty truck, class8
The latest release of ACT’s For-Hire Trucking Index, with November data, showed relatively neutral readings on for-hire freight volumes and rates, with 51.5 and 50.9 respective diffusion index readings. With a slight contraction in for-hire capacity, the supply-demand balance remained in modestly positive territory for a fifth straight month. However, the Productivity Index fell to 48.4 in November, from 53.9 in October.
Topics: freight, freight forecast, freight rate, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates
Amid the China-US trade war and deceleration of China’s real estate market, the country’s economy will remain under pressure in Q4’19 and Q1’20. It is estimated that GDP growth will end the year around 5.9% and rest there through the end of Q1’20, according to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK.
Topics: logistics, China, Press Releases, commercial truck report, supply chain, commercial truck and trailer, transportation industry news
New US trailer orders of 21.2k were down 43% month-over-month in November, and after accounting for cancellations, net orders of 19.8k dropped 38%, after hitting their fourth consecutive sequential rise in October. Longer-term comparisons show net orders down 56% year-over-year and 52% compared to the first 11 months of 2018, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. However, the report reminds readers that the year-over-year comparison is to the second-highest order month in history.
Topics: logistics, Trailers, Press Releases, class 8 trucks, commercial truck report, supply chain, commercial vehicle sales data, truck market, truck freight, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, commercial trailer, us trailer, trailer production, north american trailer
According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, the prosperity of the year we are leaving will transition to tougher medium and heavy-duty market conditions in 2020.
Topics: transportation, logistics, shipping, Classes 5-8, Press Releases, class 5-8 trucks, class 8 trucks, commercial truck report, supply chain, medium duty truck, truck market, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, demand planning, last mile delivery, HeavyDuty, semitruck, heavy duty truck, class8
ACT’s preliminary estimate for November indicates that trailer manufacturers booked 19.5k net orders to their orderboards last month, a 39% decline from October’s volume. Activity was 56% below November of 2018, while year-to-date net orders are just under half that of last year.
Topics: transportation, logistics, Press Releases, commercial truck report, supply chain, commercial vehicle sales data, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, commercial trailer, us trailer, trailer production, heavy duty truck, north american trailer
According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, expectations for the Class 8 and trailer production volumes have been trimmed for 2020, and expectations of a recovery starting in 2021 have been tempered. Additionally, current order softness and excessive inventory building in the medium duty sector contributed to forecast reductions in the next two years for that segment, as well.
Topics: freight, logistics, Press Releases, class 5-8 trucks, class 8 trucks, commercial truck report, 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, HeavyDuty, heavy duty truck, class8, class 8 truck engines
ACT Research released the December installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors.
Topics: freight, freight forecast, freight rate, logistics, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, us freight, commercial freight shipping, last mile delivery, freight rates