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
ACT Research: October preliminary used Class 8 YTD sales up
Preliminary used Class 8 volumes (same dealer sales) dropped 10% month-over-month in October, but are 10% higher year-to-date compared to the first ten months of 2019, according to the latest numbers from ACT Research. Compared to October of 2019, volumes are down 12%. Other data released in ACT’s preliminary report included month-over-month comparisons for October
ACT Research: Spending on goods driving freight demand
ACT Research concluded that spending on goods is driving recovery in freight demand in its latest installment of the ACT Freight Forecast, U.S. Rate and Volume Outlook report. “The substitution of spending to goods and away from services is driving a recovery in freight demand and, coupled with slow capacity re-engagement, has led to unprecedented
ACT Research: September used truck metrics show volumes up YTD
According to the numbers from ACT Research, used Class 8 same dealer sales volumes were up 24% year-to-date against the first nine months of 2019, with average price, miles and age all below September 2019 year-to-date rates, down 14%, 2%, and 9%, respectively. Near term, the report also indicated that used Class 8 sales volumes
ACT’s For-Hire Trucking Index highlights tight supply-demand balance
The latest release of ACT’s For-Hire Trucking Index, with September data, showed a continuing tight trucking market, with volume and rate surges ongoing and driver availability deteriorating, ACT says. September’s Volume Index rose to 70.7 (SA), while Pricing hit 71.3, a two-year high. With capacity and driver availability in contraction territory, at 46.6 and 30.6,
Class 8 volumes relatively flat in September, ACT reports
Preliminary used Class 8 volumes (same dealer sales) were virtually flat month-over-month in September, up just 1%, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Longer-term, volumes rose 51% compared to September 2019, and were up 21% when measured against the first
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,
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: Preliminary used Class 8 data for August shows YTD sales up
Preliminary used Class 8 volumes were flat month-over-month in August, according to the latest preliminary numbers from ACT Research. Longer-term, volumes rose 46% compared to August 2019, and were up 21% when measured against the first eight months of last year. Other data released in ACT’s preliminary report included month-over-month comparisons for August 2020, which
