April heavy-, medium-duty truck orders fell
Crawford highlighted that medium-duty demand only declined y/y by single digits, a change of pace compared to the previous two months.
Used Class 8 truck volumes exceeded seasonal expectations in March
When compared to March 2022, the retail and wholesale markets declined by -13% and -40%, respectively.
U.S. trailer industry is committed nearly through 2023
Overall build rose 14% m/m due to three more build days in March as opposed to February.
Production of Class 5-8 trucks exceeded build plans in March as supply conditions slowly improve
Heavy- and medium-duty orders declined double digits Y/Y, according to ACT Research’s latest State of the Industry Report.
The rebalancing of trucking capacity begins
Although the production of new equipment is still high, hiring and fleet exit patterns indicate that capacity is gradually decreasing.
Used truck same dealer retail sales ballooned 23% M/M in March
Retail volumes, price, miles, and age fluctuate for trucks in March.
Another Fed rate hike in 2023 could hamper carrier profits
Higher prices and borrowing costs are creating drags on economic activity, freight, and demand for commercial vehicles, according ACT Research.
February used Class 8 truck sales were 8% lower M/M
According to ACT Research findings, Class 8 longer term, average price, age and volumes were lower, with miles higher y/y.
U.S. trailer industry increases build rate in February
OEM conversations continue to suggest supply-chain constraints are likely to remain a limiting factor to production in 2023.
Battery electric truck production expected to triple in 2023
Q4’22 marked the first quarter since the start of the pandemic that every economic sector contributed positively to the economy’s performance.
Class 8 truck orders hit 18,400 units in January
The final four months of 2022 brought about 159,000 Class 8 net orders.
Significant increase in TL spot rates observed for early 2023
While market conditions remain broadly loose, ACT Researchers say they are seeing more signs of slowing supply.