ACT Research For-Hire Trucking Index: September’s Productivity index shows highest reading since March 2011

Posted on 12. Oct, 2017 by in ACT For-Hire Trucking Index, Press Releases

COLUMBUS, IN – The latest release of ACT’s For-Hire Trucking Index indicated that September’s Productivity reading, a measure of industry utilization, advanced again sequentially, and marked the highest level reported since March 2011. “Seasonally adjusted, the productivity reading of 63 was up from 61.6 in August and the 57.3 year-to-date average,” noted Tim Denoyer, ACT Research’s Vice President and Senior Analyst.

When the for-hire participants were asked about spot rates, 66% noted that they have sustained the post-Harvey/Irma increases. “Spot rates are hot right now,” noted one respondent. They continued, “A combo of hurricane/e-logs/driver shortage has hit.”

Fifty-six percent also reported that shipper interest in securing capacity under contract increased due to the recent hurricanes, noting that other factors may be having an impact, too. “I think that it has been oncoming and that the hurricanes only sped up the process,” said one participant. They continued, “People are scared of the upcoming winter, and do not want a repeat of 2014.”

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.