With the much anticipated hours-of-service proposed rule changes announced, ACT Research team breaks down the 5 take-aways as well how this will impact carriers.
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.
US and Canadian Class 8 Natural Gas truck retail sales for the first five months of 2019 gained 43% year-to-date, according to a recent quarterly report (AFQ: Alternative Fuels Quarterly) released by ACT Research. Year-to-date sales at this point in 2018 were down 18%, following a 13% full-year increase in 2017.
According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, current Class 8 build rates may suggest upside to the 2019 forecast, but large new inventories and deteriorating freight and rate conditions suggest erring on the side of caution remains the right call.
According to the recently released N.A. Commercial Vehicle On-Highway Engine OUTLOOK, published by ACT Research and Rhein Associates, Class 8 production is expected to continue growing in 2019, before an anticipated drop late in the year and into 2020. Diesel is still the dominate power source and vocational truck demand is more stable than tractors demand.
Read this article in Trailer BodyBuilder.