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.
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.