ACT Research: For-Hire Trucking Index rate volumes lowest in 10-year history
The latest release of ACT’s For-Hire Trucking Index, with March data, showed further contraction for both volumes and freight rates, now at 42.4 and 43.2 respective diffusion index readings. Productivity, while neutral at 50.0, likely was supported by the temporary pantry-stocking phenomenon. ACT says. The ACT For-Hire Trucking Index is a monthly survey of for-hire
ATRI GPS data shows critical truck deliveries continue despite COVID-19
The American Transportation Research Institute (ATRI) has released data showing that trucks are continuing to move—in many cases faster than usual—to respond to the demands placed on the industry by the COVID-19 pandemic. “ATRI’s real-time GPS data comes from more than a million trucks, allowing us to analyze freight flows, and so far in March,
The Coronavirus and trucking
Every industry has been affected in some way or another by the current Coronavirus crisis, and trucking is no different; though as an essential service, trucks have been able to continue to run their routes and shops have continued to fix said trucks. While they might not face the same challenges as, say, restaurants, fleets do
FTR: February likely last positive month this year for Trucking Conditions Index
Sharp declines in freight volumes, utilization and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year, according to FTR’s projections for the Trucking Conditions Index (TCI). FTR forecasts that the TCI will hit its lowest points in April and May, but
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.
Coronavirus makes a dent in March truck order numbers
Preliminary North American Class 8 net orders in March fell to 7,800 units, down 45% from February and 51% lower than a year-ago comparison, according to ACT Research. According to FTR, a significant number of fleets canceled orders previously placed due to the sharp and sudden downturn in economic conditions. Uncertainty over the duration of
Podcast: How the coronavirus is affecting the truck market
Fleets and OEMs will not be immune to the economic impacts of the current situation.
Podcast: Where the trucking industry stands in the midst of the coronavirus situation
Fleet Equipment editors Alex Crissey, Jason Morgan and David Sickels discuss the state of the trucking industry during the current crisis, including which manufacturers have suspended production, freight market conditions and the need to keep telematics and service going as trucks continue to run their routes. Note: This episode was recorded on March 20, so
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
Freight transport industry will suffer due to Coronavirus, Moody’s report says
According to Moody’s Investors Service, the freight transport industry will suffer supply chain disruptions due to the Coronavirus, ultimately affecting the intermodal business of railroads and truck carriers. In a March 16 report, Moody’s says auto suppliers and the transportation industry lands in the “high exposure” category of Moody’s Coronavirus heat map, indicating potential near-term
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
