According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, the primary risk to all vehicle market forecasts, and the US economy broadly, in either direction, remains the trade war with China. With US manufacturers and farmers struggling to compete on the tilted global playing field, the key driver of growth in the mid-term outlook is the US consumer, who remains well positioned to keep the economy out of the ditch.
Topics: freight, transportation, logistics, shipping, Classes 5-8, Economy, 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, demand planning, commercial freight shipping, trailer production, HeavyDuty, Economics, semitruck, heavy duty truck, GDP
According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, expectations for the Class 8 and trailer markets anticipate an accelerating pullback in build rates, as freight market conditions remain at a low ebb. While less cliff-like, medium duty market indicators continue to support a modest correction into 2020.
Topics: shipping, Classes 5-8, Economy, 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, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, intermodal, demand planning, us freight, commercial freight shipping, freight rates, HeavyDuty, Economics, semitruck, heavy duty truck, GDP
Businesses depend on data to make decisions and solve problems. Businesses in the commercial vehicle markets depend on ACT Research for their data needs. When OEMs, suppliers, and investment firms need information on the market, ACT Research is the leading resource in the industry for analysis and data, providing both a future look at the market in the North America Commercial Vehicle Outlook, as well as a current market analysis in the State of the Industry: North American Classes 5-8 report. In the Classes 5-8 report, ACT receives monthly data for Classes 5-8 directly from the OEMs. ACT Research has been collecting this data since 1996, publishing a report and database rich in market indicators of the commercial vehicle markets. Indicators include backlog, build (production), inventory, new order, cancellation, net order, factory shipment and retail sales statistics monthly from all major North American Classes 5-8 vehicle manufacturers. Data cover the U.S., Canadian, Mexican, and export markets. A list of ACT’s commercial motor vehicle definitions can be found below.
Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, Classes 5-8, NA CV OUTLOOK, class 5-8 trucks, class 8 trucks, commercial truck report
According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, the key risk to all commercial vehicle market forecasts remains the on-again trade war with China, but well-positioned consumers are keeping the US economy out of the ditch.
Topics: freight rate, transportation, logistics, shipping, Classes 5-8, Economy, NA CV OUTLOOK, Press Releases
According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, expectations for the Class 8 and trailer markets anticipate an immanent pullback in build rates, as market conditions continue to deteriorate.
Topics: freight, freight rate, transportation, logistics, shipping, Trailers, Classes 5-8, Economy, NA CV OUTLOOK, Press Releases, class 5-8 trucks, commercial truck report
Understanding the current commercial vehicle market is pertinent for so many businesses. For sales projections and budgeting and many more reasons, understanding the current state of the industry is why ACT Research developed it's State of the Industry series, particularly the N.A. Classes 5-8 report.
Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, Classes 5-8, NA CV OUTLOOK, class 5-8 trucks, class 8 trucks, commercial truck report, supply chain
An article released by the Wall Street Journal on September 1, 2019 discusses the impact that the 2018 boom in Classes 5-8 truck manufacturing has had on freight in 2019.
Falling freight rates (as much as 20%) have been attributed to "more trucks than there are loads" for truckers and shippers.
Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, Classes 5-8, NA CV OUTLOOK, Used Trucks, class 5-8 trucks, commercial truck report, supply chain
On February 4, 2019, Kenny Vieth gave an interview with CNBC's Nightly Business Report. At that time the commercial vehicle trucking industry was coming out of a record setting year, 490,000 heavy duty, class 8 orders. However, questions were being asked about industry capacity and the potential for high backlogs (300,000 at the time of interview) and cancelations coming in later 2019. At the time of this interview, there was a 3-month decline in new truck orders, considered a signal of a potential slowdown.
Topics: freight, freight rate, transportation, logistics, shipping, Classes 5-8, Economy, NA CV OUTLOOK, class 5-8 trucks, class 8 trucks, commercial truck report
Steve Tam, Vice President of ACT Research, joined Steve Kingston of FreightWaves Radio for an interview at ACT Research's Seminar 61 this August 12-14, 2019. Steve and John discuss the Class 8, Medium Duty, Used Truck and Freight markets during their interview.
Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, ACT in the News, Trailers, Classes 5-8, Economy, Engines, NA CV OUTLOOK, Used Trucks
According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, the key risk to all commercial vehicle market forecasts remains the on-again trade war with China.
Topics: freight, transportation, Classes 5-8, Economy, NA CV OUTLOOK, Press Releases, Regulations