According to ACT Research’s (ACT) latest State of the Industry: Classes 5-8 Report, Class 8 market-leading indicators continue to erode, in concert with deteriorating freight volumes and rates, even as mid and downstream data points remain robust.
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.
According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, current data and anecdotes make a strong case that the heavy duty vehicle markets are at the edge of the precipice.
ACT Research released the August installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report covering the truckload, intermodal, LTL and last mile sectors.
In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that the heavy truck and trailer industries are heading for a market correction in 2020, even as the US economic picture 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, even as key freight-generating sectors of the economy take a pause.
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 recently released Transportation Digest, the Class 8 market is on the cusp of a significant correction. At the same time, the medium duty market continued to confound in May, with forward-looking indicators deteriorating and concurrent data suggesting moderate growth.
New US trailer orders of 11.3k were down 27% month-over-month, but after accounting for cancellations, net orders slid to 6k units, down 42% from May. Year-to-date net orders are 43% below last year, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report.
The latest release of ACT’s For-Hire Trucking Index, June data, showed nearly across-the-board declines, with capacity again the lone exception. The Volume Index dropped further into negative territory, falling to 43.2 (SA) in June, from 46.7 in May. The June Pricing Index, at 43.8 (SA), recovered a good bit of last month’s sharp decline, up from 38.8 in May on a seasonally adjusted basis, the lowest in survey history.