ACT Research For-Hire Trucking Index: July’s Volume index reading rises almost twenty points year over year

Posted on 17. Aug, 2017 by in ACT For-Hire Trucking Index, Press Releases

August 17, 2017
FOR IMMEDIATE RELEASE

COLUMBUS, IN – The latest release of ACT’s For-Hire Trucking Index indicated that July’s volume reading advanced for the seventh consecutive month to 57.1. While down from June, the freight index was almost 20 points above the reading in the same month last year. Six percent of respondents reported having significant freight gains, 49% percent had modest increases, and 19% were flat. Twenty-one percent had modest decreases and the remaining 5% of fleets saw significant decreases.

“On a seasonally adjusted basis, freight volumes were virtually identical to last month at a 65 reading from June’s 66,” said Kenny Vieth, ACT Research’s President and Senior Analyst. He continued, “Even after being adjusted, July’s index had its third best reading over the last twelve months, and marks the third consecutive month with a reading over 60.”

The capacity index for July was 53.8 points, rising modestly above June’s reading of 52.0. “Like the volume index, seasonal adjustment raises the capacity reading to the highest level since the same month in 2015,” noted Vieth. “The rise is in-line with stronger tractor retail sales witnessed in recent months,” he concluded.

ACT is the leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe, and China.

Media Contact:
Donavan Gerken
812-379-2085
dgerken@actresearch.net