According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, at 128 months, the current US economic expansion is the longest on record, surpassing the previous cycle record (1992-2001) by eight months and counting. And with solid consumer fundamentals, no obvious imbalances, and already having weathered the manufacturing downturn to date, it is harder to see a recession now than it was six months ago.
Topics: freight, logistics, NA CV OUTLOOK, 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, transportation industry news, trucking, HeavyDuty, heavy duty truck, class8
After softness in late Q3/early Q4, medium duty orders appear to have shown some resilience the past two months. In January, preliminary data show NA Classes 5-7 net orders at 18,500 units, down 9% from December and 20% y/y. Complete industry data for January, including final order numbers, will be published by ACT Research in mid-February.
Topics: logistics, Press Releases, class 5-8 trucks, commercial truck report, supply chain, medium duty truck, truck market, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news
Preliminary NA Class 8 net orders in January were 17,700 units, down 12% from December 2019, but up 10% from last January. Complete industry data for January, including final order numbers, will be published by ACT Research in mid-February.
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, HeavyDuty, heavy duty truck, class8
In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that freight-generating sectors of the US economy are on the cusp of transitioning from contraction to growth, aligning with freight cycles of the past, which typically last around two years.
Topics: CV Dealer Digest, Press Releases, 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 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 improved 7% month-over-month in December, but longer-term sales were down 3% year-over-year compared to December 2018, and full-year 2019 sales declined 15% compared to 2018. The report also indicated used Class 8 average price for 2019 decreased 7% versus the previous year, while average miles and age both increased, up 4% and 8%, respectively.
Topics: freight, logistics, Press Releases, Used Trucks, class 8 trucks, supply chain, medium duty truck, commercial vehicle sales data, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, used commercial truck, used truck values commercial, HeavyDuty, heavy duty truck
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