ACT Research For-Hire Trucking Index highlights driver shortage
The latest release of ACT Research’s For-Hire Trucking Index, with August data, showed a continuing tight trucking market, with volume and rate surges ongoing and driver availability deteriorating. August’s Volume Index rose to 67.9 (SA), and productivity was at 67.8. With capacity and driver availability in contraction territory, at 48.9 and 32.0, respectively, the combination
ACT Research For-Hire Trucking Index highlights driver shortage in July
The latest release of ACT’s For-Hire Trucking Index, with July data, showed an across-the-board downtick in the diffusion indexes after a record surge in June, although most measures remained well above the 50 neutral mark. July’s Volume Index fell six points to 64.3 (SA), while pricing and productivity were at 60.3 and 61.5, respectively. Capacity
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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: 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
Keep those bays open: Managing bay availability and avoiding a truck service backlog
Picture this: A fault code is triggered in a truck less than a mile away from your shop. It’s serious. It needs to be fixed right away. The driver locates your shop as the closest, makes a call, and is told to come right over. The driver arrives only to find that no bays are
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
