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.
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
Looking to get a better understanding and distinction between chassis types? ACT's N.A Bus Market Classes 5-7 report is a breakdown of bus market and covers information relative to net orders, backlogs, cancellation rates, year-over-year changes, and other vital market information. The report also disaggregates the North American bus market indicator data based on various types of buses. This report in conjunction the N.A. Classes 5-8 report will help to distinguish truck vs. bus production.
The types of business that should be interested in the ACT State of the Industry N.A. Classes 5-7 Bus Market report include commercial bus manufacturers and suppliers, as well as those investing in the OEMs and the supply chain or companies involved in the movement/logistics of passenger transportation. Municipal and commercial bus lenders and operators are among the customers who benefit from this report.
With this report, you will receive bus market statistics for North America (US, Canada, Export, and Mexico) including details on net orders, build, cancellation, BL/BU ratio, retail sales, and IN/RS ratio as well as:
- Monthly market indicators for Class 5 and Classes 6-7 bus: backlog, build, inventory, new orders, cancellations, net orders retail sales.
- Class 5 and Classes 6-7 monthly bus market indicators are further refined based on the type of buses: School Bus, Shuttle/Commercial, and Urban/Other.
- In addition to a consolidated North American view, the market indicator data are also disaggregated at the U.S. and combined Canada, Mexico, and Export market level.
- Password protected website access to the current report, historical data (1996 to current), and PowerPoint graph pack.
- Published about two weeks after the end of the month.
Manufacturers use this information and analysis for short-term planning and forecasting, market understanding and awareness, and informing management of the current health of the industry. Investors use this product to create models, assess risk, and support their research. In addition to the market overview, this report provides, municipal and commercial bus lenders and operators to make operational decisions impacting portfolio and fleet size.
Topics: freight, freight rate, transportation, logistics, shipping, Classes 5-8, class 5-8 trucks, 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, heavy duty truck
Understanding the current commercial vehicle market is pertinent for so many businesses, but not everyone has the time to read a lengthy report on the state of the markets. Commercial vehicle and transportation business leaders need information for sales projections, budgeting and additional reasons. That is why ACT Research developed the Transportation Digest, a monthly high-level overview of transportation trends, equipment markets, and the economy as a whole. This report includes information relative to for-hire, trucking, intermodal, and various truck class trends. Designed with busy executives and business owners in mind, the Transportation Digest covers all the major industry news and trends, including a market outlook, all in the convenience of a quick, easy to read report.
Topics: transportation, logistics, shipping, Classes 5-8, class 5-8 trucks, class 8 trucks, commercial truck report, medium duty truck, commercial vehicle sales data, truck market, north american trucking, american truck and trailer, commercial truck and trailer, trucking, heavy duty truck
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.
Want a cradle-to-grave, tactical look at where the industry is going to be in the next 3-6 months?
ACT Research's State of the Industry: Classes 5-8 Vehicles report is just that, an in-depth look at all things pertinent to the trucking and transportation markets, including commercial vehicle sales data. In addition to the monthly data and market indicators, the OEM's provide six-month build plans for both medium duty trucks and heavy duty trucks. ACT Research also breaks out the backlog regarding the build timing of the units on order, giving an alternative look at the strength of the market.
Topics: freight, transportation, logistics, shipping, class 8 trucks, supply chain, medium duty truck, commercial vehicle sales data, truck freight, north american trucking, class 8 truck, american truck and trailer, commercial truck and trailer, transportation industry news, trucking, HeavyDuty, semitruck, heavy duty truck
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.
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.
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.
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.
The latest release of ACT’s For-Hire Trucking Index, with August data, retrenched to contraction in all categories, after the large and partly anomalous improvement in July. The Volume Index pulled back to 48.0 in August, from 56.7 in July (SA). The August Pricing Index, at 47.1 (SA), also returned to negative territory, after stabilizing to 50.3 in July.