ACT Research For-Hire Trucking Index shows capacity recovering
The latest release of ACT Research’s For-Hire Trucking Index, with November data, showed across-the-board increases. 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. “Led by better driver availability, the Capacity Index increased 6.1
Truck driver availability starting to improve
The latest release of ACT Research’s For-Hire Trucking Index, with October data, showed a decrease in volumes, pricing, and productivity, with capacity up slightly and with a lower but still-healthy 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
Samsara research shows leaders feel magnitude of role to limit carbon emissions
Global leaders are meeting at COP26 to discuss plans to cut emissions and accelerate sustainability efforts in the public and private sectors. The world of physical operations, specifically the industrial and transportation sectors, can greatly impact sustainability progress as they consume more than 60% of energy in the United States, Samsara says. Samsara says this
Demand remains solid but supply chain issues plague trucking industry, ACT Research reports
In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that the setup for the entire commercial vehicle industry remains unchanged. Despite rock-solid demand metrics across the spectrum of medium- and heavy-duty vehicle types, industry capacity remains range-bound across a broad front of supply-chain constraints. “Demand-side activities remain at as-good-as-it-gets levels. Front-side industry metrics remain
Commercial vehicle market drives toward stability at high levels
According to ACT Research’s recently released Transportation Digest, forecast stability this year has been driven by three factors: 1. Major positive momentum carried over from 2020;2. The struggle of manufacturers to push production even higher in the face of record heavy organic truck demand; and 3. The benefit of vaccinations somewhat reversing the daunting upward
ACT Research: With demand high, truck market awaits opening of OEMs’ 2022 order books
According to ACT Research’s latest State of the Industry: N.A. Classes 5-8 Report, with demand for commercial vehicles surging, much depends on the opening of the OEMs’ 2022 order books. “There are times in the cycle where other variables supplant orders as the most critical in terms of industry understanding,” said Kenny Vieth, ACT Research’s president and
Hub International launches excess liability, umbrella insurance to protect from nuclear verdicts
Hub International Limited (HUB) has launched its HUB Drive Excess Liability Shield, an exclusive, affordable excess liability/umbrella insurance solution designed for transportation clients–from general freight, moving and storage, and last mile to auto/truck dealers, public auto and rail–to broaden coverage and protect them from potential major losses from nuclear verdicts. HUB Drive Excess Liability Shield
ACT Research: Preliminary March N.A. Class 8 orders up 424% y/y
Preliminary N.A. Class 8 net orders in March were 40,000 units, down 10% from February, but 424% higher than March of last year’s COVID-stricken intake, according to ACT Research. N.A. Classes 5-7 demand, with orders at 31,400 units, were up 19% from February. Demand was more than double (103%) its year-ago level. Complete industry data
ACT Research: Trailer orders strong in November
Preliminary information for November indicates that the U.S. trailer industry booked 39,500 net orders for the month, according to ACT Research. While down 28% from October, November volume was nearly double that seen in the same month last year. The industry has now had six consecutive months with solid year-over-year gains in net orders, and
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
