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Downturn forecasts fine-tuned, anticipating inbound recession

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported shifts—both higher and lower adjustments (but in aggregate, lower still)—in forecasts last month to incorporate an inbound recession. According to Kenny Vieth, president and senior analyst, ACT, “We have tweaked our economic forecasts slightly lower. 2023 GDP remains unchanged at 0.0%, but our expectations

ACT Research’s Class 8 Tractor Dashboard unchanged in June, remains downbeat

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard was unchanged in June, the fourth month of moderately downbeat readings. “Our interpretation is a gradual erosion for Class 8 market demand in the second half, but no ‘spiral down’ and certainly not a ‘cliff event’,” said Kenny Vieth,

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Recession is now ACT Research’s base-case scenario for 2023 forecasts

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that its analysts have updated their forecast scenarios to include a recession in 2023. “We have revised our economic forecasts and are now modeling a recession in the first half of 2023, although flat (0.0%) for full-year 2023,” said Kenny Vieth, president and senior analyst,

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ACT Research’s Class 8 Tractor Dashboard unchanged still a downbeat

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard was unchanged in May, the third month of moderately downbeat readings. “Our interpretation of the recent Tractor Dashboard reading is a gradual erosion of Class 8 market demand into the second half of 2022, but no ‘spiral down’ and

ACT Research Class 8 tractor dashboard still downbeat

ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard was unchanged in May, the third month of moderately downbeat readings. “Our interpretation of the recent Tractor Dashboard reading is a gradual erosion of Class 8 market demand into the second half of 2022, but no ‘spiral down’ and certainly not

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ACT Research Class 8 Tractor Dashboard drops again

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard dropped again in April. “The Tractor Dashboard result affirms the steady and steep erosion in prospective business conditions for Class 8 tractors that has been the rule through calendar year 2022,” said Kenny Vieth, ACT’s President and Senior Analyst.

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Kenworth’s truck manufacturing plants earn awards

Kenworth’s Chillicothe, Ohio, and Renton, Washington, assembly plants received a total of three prestigious 2022 Manufacturing Leadership Awards in the Engineering and Production Technology category. The awards were announced today by the Manufacturing Leadership Council of the National Association of Manufacturers (NAM). The Kenworth Chillicothe plant was honored with Manufacturing Leadership Awards for its new Kenworth

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The challenges facing strong Class 8 demand

They are numerous. According to ACT Research’s recently released Transportation Digest, supply-chain difficulties, COVID, inflation, high energy prices, robust freight and rates, and public policy continue to be the dominant issues shaping the heavy-duty outlook. “Class 8 demand remains strong, but the ability of manufacturers to respond to that demand continues to be constrained,” said

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The commercial vehicle industry faces an ‘everything’ shortage

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that the setup for the entire commercial vehicle industry remains unchanged, noting that industry capacity remains range-bound across a broad front of supply-chain constraints. The report, which combines ACT’s proprietary data analysis from a wide variety of industry sources, paints a comprehensive picture

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Commercial vehicle supply constraints, inflationary ramifications remain front-and-center

According to ACT Research’s recently-released Transportation Digest, the front-and-center concerns of the commercial vehicle industry at the moment are supply chain constraints, as well as the inflationary ramifications that flow from them. The report, which combines proprietary ACT data and analysis from a wide variety of sources, paints a comprehensive picture of trends impacting transportation

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