September numbers show spike in trailer orders
ACT Research: “While this certainly is a welcome sign for the industry, one month of robust orders does not guarantee the full year.”
ACT Research: Forecast expectations for Class 8 and trailers moderate
ACT Research forecasts for both Class 8 trucks and trailers have been lowered, as the recovery in freight markets remains elusive.
Class 8 truck order season kicks off with 36,800 units
Classes 5-7 net orders were more trend-like, rising 13% m/m to 23,100 units, according to the press release.
Mack Trucks on the trucking market, new connected fleet management solutions
Long-haul registrations could soften in 2024.
Equipment Finance Industry confidence steady in September
Overall, confidence in the equipment finance market is 50.3, steady with the August index of 50.4.
PLI signaling growth in parts aftermarket sales below trend
“PLI has fallen to a level signaling the growth rate of parts aftermarket sales will be below trend in the coming months.”
Freight markets remain soft amid private fleet expansion
The reduction in capacity within the for-hire sector is starting to create potential for improved market conditions, but this positive outlook could be jeopardized…
Class 8 orders nearly double in September, according to FTR
Total Class 8 orders for the previous 12 months have equaled 270,000 units.
Trailer orders fall slightly in August
This is the seasonally weakest time of the year for forward-looking metrics, ACT noted.
NTEA releases fall 2023 U.S. Commercial Vehicle Market Report
The report is focused on the commercial vehicle life cycle — from chassis sales to truck registration to later stages when used vehicles re-enter the sales market.
FTR’s July Shippers Conditions Index fell reflecting least favorable market conditions for shippers
Fuel costs aside, gradually stronger freight volumes, utilization, and rates likely will soften conditions toward neutral by mid-2024.
ACT Research projects weaker U.S. tractor market in 2024
Those factors include ongoing pent-up vocational truck demand, strong tractor demand in Mexico, and labor hoarding.