New COVID cases threaten commercial vehicle recovery, ACT Research says
According to ACT Research’s recently-released Transportation Digest, the tug of war between positive and negative influences on the business environment and trucking reached a pivotal juncture at the end of June, but an escalation in new COVID-19 cases since mid-June threatens to abort this nascent recovery. “The sudden shock of the COVID-19 recession pushed the
Rebounds continue in ACT Research’s June For-Hire Trucking Index
The latest release of ACT Research’s For-Hire Trucking Index, with June data, showed continued improvement in the diffusion index measures tracked. June’s Volume Index rose to 70.4 in June, from 19.3 in April and 50.2 in May, with pricing and productivity at 65.2 and 69.9, respectively. Capacity remained stuck in neutral, hovering near the 50
ACT Research: CV industry looking toward recovery
In the release of its Commercial Vehicle Dealer Digest, ACT Research says it found more to like about the state of the economy today than was visible a month ago, now that U.S. re-opening is underway. “The re-openings that have been occurring since late April represent the first steps in the march toward economy recovery, and
ACT Research: April CV data showing full COVID-19 impact, data lowest in decades
According to ACT Research’s latest numbers, COVID-19 was in evidence across the commercial vehicle statistics in April, with Class 8 net orders at their lowest level since September 1995 and medium-duty orders at their worst in a decade. “In addition to the drop in Class 8 net orders, Class 8 production was at its lowest
ACT Research: COVID-19 impact on global economies and CV demand predicted through 2021
According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, 2021 is being forecast as the transition year, as the global economies and North American commercial vehicle demand move from COVID-19’s negative impacts into a meaningfully better situation in 2022. Additionally, ACT Research has created a COVID-19 Market Watch webpage to track
ACT Research: COVID-19’s negative impact on trucking deepens with April order intake data
Preliminary NA Class 8 net orders in April fell to 4,100 units, down 46% from March and 72% lower than a year-ago comparison. Complete industry data for April, including final order numbers, will be published by ACT Research in mid-May. “April represents the first full month of COVID-19 impacts on the trucking industry, and given
ACT Research: Coronavirus changing CV market forecasting assumptions
ACT Research has provided some updated data on the impact of the Coronavirus on the commercial vehicle market and the U.S. economy as a whole. “The global spread of the COVID-19 required a foundational reassessment of near-term economic expectations, and by extension North American commercial vehicle demand,” said Kenny Vieth, ACT’s president and senior analyst.
ACT Research: Trailer net orders dropped pre-Coronavirus, now ‘most unusual’ market conditions in history
February net U.S. trailer orders of 12.7k units were down 15% month-over-month and 45% below the previous year. Before accounting for cancellations, new orders of 14.8k were down 12% versus January, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. “The conservative investment posture of fleets continued into February,”
ACT Research: COVID-19 has little impact on February CV data, future impact expected
According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, Class 8 inventory-to-sales ratio, seasonally adjusted, hit 3.5 months in February, while the Classes 5-7 inventory-to-sales ratio dropped from a “highest in a decade” in January to 3 months in February. “From a current data perspective, regardless of source, February marks
Coronavirus causes changes to ACT Research freight outlook
The ongoing worldwide outbreak of the COVID-19 strain of the coronavirus has caused updates to ACT Research‘s recently released March installment of the ACT Freight Forecast, U.S. Rate and Volume Outlook report. “There’s not much freight in a basketball game, and the outlook for capacity is tighter, as COVID-19 and financial volatility will likely further