Trucking decelerated, but remained strong in August
The latest release of ACT Research’s For-Hire Trucking Index, with August data, showed a drop in volumes and pricing, with a still-strong supply-demand balance. The ACT For-Hire Trucking Index is a monthly survey of for-hire trucking service providers. ACT Research converts responses into diffusion indexes, where the neutral or flat activity level is 50. “Despite
ACT Freight Forecast: Stronger-for-longer peak with a inflationary events
ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume Outlook report. Tim Denoyer, ACT Research’s vice president and senior analyst, said, “Freight markets remain tight as we head into a clearly historic peak season with unprecedented containership backlogs, currently about 125 at anchor at North American ports. The chip
Four electric truck questions with Penske
The year 2020 was the first time that fleets began to take delivery of electric trucks as part of pilot programs. Since we have (somehow) already raced past the midpoint of 2021, FE checked in with fleets to see how their experiences have been with these trucks; how the trucks have held up compared to
ACT Research For-Hire Trucking Index: Metrics moderating, but still healthy
The latest release of ACT Research’s For-Hire Trucking Index, with June data, showed a slowing in volumes, pricing moderating at a high level, and a still-strong supply-demand balance. “June’s Volume Index reading declined, but continues to represent a still-healthy level, following an upwardly revised May. The fundamentals of the freight cycle remain clearly positive,” said
Networks will soon shut down 3G service—make sure your fleet’s up to date
Do you know how many devices in your fleet run on a 3G cellular network? If not, now’s the time to start taking inventory. The so-called “3G sunset” is nigh, with major network providers like Sprint, Verizon, and AT&T set to shut down their 3G service within the coming 12 months. For fleets still operating
Five truck trend takeaways from June
We know it’s not easy to keep up with everything that happens in the world of trucking. So here are the biggest stories from June focused on the latest truck trends, all in one place. 5. How you can start truck service benchmarking Benchmarking brings together all of your service data, highlights best practices where
Class 8 truck orders pull back; backlog essentially filled
According to ACT Research’s latest numbers, April Class 8 net orders pulled back to a seven-month low, with benign cancellations. ACT Research attributes the order pullback not to any slowing in demand, but a reflection that the 2021 backlog is essentially filled. “As we’ve said for some time, commercial vehicle demand is hot, but supply chain problems persist,” said Kenny
Five truck trend takeaways from March
We know it’s not easy to keep up with everything that happens in the world of trucking. So here are the biggest stories from March focused on the latest truck trends, all in one place. 5. Electrification will change your service operation The question of how electrification impacts truck service is key. Whether you’re running
ACT Research For-Hire Trucking Index highlights tight supply-demand balance
The latest release of ACT Research’s For-Hire Trucking Index, with October data, showed a second consecutive month of record tightness. October’s volume index was flat at 70.7 (SA), while pricing dropped two points to 69.2, but still a top-decile result. With capacity and driver availability in contraction territory, at 45.8 and 28.6, respectively, the combination
ACT Research: August used truck metrics show volumes remain up YTD
According to the latest numbers from ACT Research, used Class 8 same dealer sales volumes were up 17% year-to-date against the first eight months of 2019, with average price, miles and age all below August 2019 year-to-date rates, down 15%, 1%, and 8%, respectively. The report also indicated that used Class 8 sales volumes rose,
