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ACT Research: Preliminary Used Class 8 Volumes Fell M/M, Y/Y and YTD

Posted by Jennifer McNealy on Oct 18, 2019 11:00:00 AM

Preliminary used Class 8 volumes (same dealer sales) fell 5% month-over-month in September, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report indicated that longer-term comparisons yielded a 17% decline compared to September 2018, as well as a year-to-date drop of 19%, the 11th consecutive contraction for both time period comparisons.

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Topics: transportation, Press Releases, Used Trucks, class 8 trucks, commercial truck report, north american trucking, class 8 truck, transportation industry news, class trucks for sale, used commercial truck, trucking, used truck values commercial, semitruck, heavy duty truck

ACT Research: Leading Indicators Point to Downturn as Retail Truck Sales Surge; Worst Scenarios for HD Vehicle Demand Remain Unlikely

Posted by Jennifer McNealy on Oct 17, 2019 4:35:57 PM

According to ACT Research’s (ACT) latest State of the Industry: Classes 5-8 Report, the “less negative” freight data reported early in Q3 has softened further since the September 1st tariff impositions.

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Topics: transportation, Press Releases, class 5-8 trucks, class 8 trucks, truck market, north american trucking, class 8 truck, transportation industry news, trucking, HeavyDuty, semitruck, heavy duty truck

ACT Research: U.S. Trailer Preliminary Net Orders Surged 75% M/M in September, but Were Off 68% Y/Y and Down 54% YTD

Posted by Jennifer McNealy on Oct 16, 2019 1:30:00 PM

ACT’s preliminary estimate for September indicated that trailer manufacturers booked 18.5k net orders to their orderboards last month, a 75% surge from August’s subdued net order volume. Volume was 68% below a year ago, while year-to-date, net orders are 54% less than last year. Before accounting for cancellations, new orders were 21.4k, up 45% from August and 64% below last year. Final volume will be available later this month. This preliminary market estimate should be within +/- 3% of the final order tally.

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Topics: freight, transportation, logistics, shipping, Trailers, Press Releases, truck market, transportation industry news, trucking, commercial trailer, us trailer, trailer production, semitruck

ACT Research: Key Risk to N.A. CV Market Forecasts Is Trade War with China; Key Driver of Growth Is US Consumer

Posted by Jennifer McNealy on Oct 14, 2019 2:00:00 PM

According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, the key risk to all vehicle market forecasts, and the US economy broadly, 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 into the mid-term outlook is the US consumer, who remains well positioned to keep the economy out of the ditch.

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Topics: freight, transportation, logistics, shipping, Trailers, Economy, Press Releases, class 5-8 trucks, class 8 trucks, supply chain, medium duty truck, north american trucking, transportation industry news, trucking, HeavyDuty, Economics, heavy duty truck, GDP

ACT Research: Heavy Duty Market Up-Cycle Running Out of Steam

Posted by Jennifer McNealy on Oct 11, 2019 3:36:29 PM

Since early 2018, ACT Research’s forecasts have called for the up-cycle in the Class 8 market to run out of steam around the third quarter of 2019, according to ACT’s latest release of the North American Commercial Vehicle OUTLOOK.

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Topics: freight, transportation, logistics, shipping, Trailers, Economy, Press Releases, class 5-8 trucks, class 8 trucks, supply chain, medium duty truck, transportation industry news, trucking, HeavyDuty, Economics, semitruck, heavy duty truck, GDP

ACT Research Freight Forecast: Spot Pressure to Persist on More Capacity Additions

Posted by Jennifer McNealy on Oct 10, 2019 12:44:46 PM

ACT Research released the October installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors. After a less negative spot environment over the summer, ACT now expects excess capacity to exert more downward pressure on truckload spot rates. ACT Research also introduced its Q3’20 truckload spot rate forecasts in this month’s report.

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Topics: transportation, logistics, shipping, Press Releases, supply chain, transportation industry news, trucking, truck freight rates, us freight, commercial freight shipping, freight rates, rail

ACT Research: Commercial Vehicle Markets Heading for a Market Correction in 2020

Posted by Jennifer McNealy on Oct 3, 2019 7:00:00 AM

In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that the heavy truck and trailer markets, and increasingly the medium duty market, are heading for corrections in 2020, even as the slow growth US economic outlook remains largely unchanged, aside from concerns about trade and tariffs. The key driver of the near to mid-term outlook is the US consumer, who remains well positioned to keep the economy out of the ditch.

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Topics: freight, transportation, logistics, Press Releases, trucking, commercial freight shipping, HeavyDuty, Economics

ACT Research: NA Medium Duty Demand Slowed, while Class 8 Order Intake Improved in September

Posted by Jennifer McNealy on Oct 2, 2019 8:50:00 PM

Preliminary North America Class 8 net order data show the industry booked 12,600 units in September, up 13% from August, while Classes 5-7 orders fell 9.4% m/m, to 17,300 units. Note that these numbers are preliminary. Complete industry data for September, including final order numbers, will be published by ACT Research in mid-October.

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Topics: freight, transportation, Press Releases, trucking, truck freight rates, semitruck

ACT Research: Class 8 Market Moving into Significant Correction Next Year

Posted by Jennifer McNealy on Sep 30, 2019 4:37:30 PM

According to ACT Research’s recently released Transportation Digest, the Class 8 market is moving from 2019 peak activity in sales and build into a significant correction next year. The medium duty market remained soft in July, solidifying the thought that the market has passed its cyclical peak, with build and sales both sequentially lower.

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Topics: freight, transportation, logistics, shipping, Press Releases, Transportation Digest, trucking, HeavyDuty, Economics

ACT Research: China’s CV Truck Markets Continue to Decelerate

Posted by Jennifer McNealy on Sep 27, 2019 11:00:00 AM

In the second half of 2019, amid the China-US trade war and deceleration of China’s real estate market, the economy is expected to slow, with estimated GDP growth dropping to 6.2% in Q3’19 and 6.1% in Q4’19. The domestic demand for heavy trucks fell nearly 29% y/y, while the tractor segment increased almost 30%, and demand for medium trucks ended 2019’s second quarter down 41% compared to Q2’18.

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Topics: freight, transportation, logistics, China, Press Releases, trucking

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