According to ACT Research’s recently released Transportation Digest, truckload contract rates turned negative in Q3’19, down 2% year-over-year, and loaded miles per tractor fell 5% in the same time period. In Q3’19, less-than-truckload revenue growth, net fuel, also turned negative, falling 1.6% year-over-year.
Topics: Press Releases, Transportation Digest, class 8 trucks, medium duty truck, commercial vehicle sales data, truck market, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, HeavyDuty, heavy duty truck
According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, ACT projects that the US economy is poised to expand by 1.8% in 2020.
Topics: logistics, Classes 5-8, Press Releases, class 5-8 trucks, class 8 trucks, 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, HeavyDuty, heavy duty truck, class8
Preliminary used Class 8 volumes (same dealer sales) increased 8% month-over-month in the final month of 2019, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research, but longer-term, volumes dropped 3% compared to December of 2018. Year-to-date preliminary volumes dropped 14%.
Topics: freight, Press Releases, Used Trucks, class 8 trucks, medium duty truck, commercial vehicle sales data, truck market, truck freight, north american trucking, 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, over the past decade, the EPA shifted its focus from the tailpipe to fuel economy. On January 6, the EPA released an Advanced Notice of Proposed Rulemaking (ANPR), which promises the return of demand altering regulations that target tailpipe emissions. On top of normal cyclicality is the expectation that the CARB and EPA ANPRs will ultimately transition into [potentially expensive] demand-swinging regulations in the coming decade.
Topics: logistics, NA CV OUTLOOK, Press Releases, class 5-8 trucks, class 8 trucks, commercial truck report, supply chain, medium duty truck, commercial vehicle sales data, truck market, north american trucking, class 8 truck, american truck and trailer, commercial 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
In August 2018, ACT Research released its landmark multi-client study, Commercial Vehicle Electrification: To Charge or Not To Charge, to charter subscribers. The study displaced guesswork and speculation on electric vehicles with rigorous analysis and hard metrics for sales and share. Our work recognizes electric power as a viable competitor to internal combustion engines, and examines advances in battery technology, environmental considerations and government policy, and quantifies the potential for significant operational cost savings. While commercial electric vehicles (CEVs) currently have a small beachhead on the market, the 2018 study confirmed they would steadily gain sales volume and capture significant market share in Classes 4-8 vehicle segments by 2035, the far horizon year of the analysis. Now, ACT Research is diving into the data once again and to update the 2018 work.
We're looking forward to working with charter subscribers, as well as adding participants for this second edition. With the continued evolution in electrification and additional players in the market over the last two years, we hope to expand the subscriber list, broadening the spectrum of participants. Our hope is a customer set fully reflective of the current and future state of commercial vehicle electrification.
A complete study prospectus can be downloaded by clicking the image to the right. To highlight, ACT's 2020 study update will include:
Complete with analysis, spreadsheets, and adoption scenarios for benefit of all customers and participants.
For more insights into our 2018 study version, watch the video below.
To connect with our team complete the form to the right or contact Ian McGriff at imcgriff@actresearch.net.
Topics: medium duty truck, commercial vehicle sales data, truck market, north american trucking, class 8 truck, commercial truck and trailer, transportation industry news, trucking, HeavyDuty, heavy duty truck, north american trailer, class8, commercial electric vehicle
After an anomalous sequential gain in October, used Class 8 same dealer sales volumes returned to trend in November, falling 35% m/m, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. Longer term, sales were down 9% y/y and 16% ytd compared to the first 11 months of 2018. The report also indicated used Class 8 average miles decreased m/m, down 5%, and were up a mere 1% year-to-date, while average age rose 3% compared to October and 5% on a year-to-date basis. Average price also grew 5% m/m, while flat ytd.
Topics: Press Releases, Used Trucks, class 8 trucks, medium duty truck, commercial vehicle sales data, truck market, north american trucking, class 8 truck, american truck and trailer, transportation industry news, used commercial truck, used truck values commercial, HeavyDuty, heavy duty truck
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
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