Kenny's Interview on Heavy Duty Trucks Still Relevant? On February 4, 2019, Kenny Vieth gave an interview with CNBC's Nightly Business Report. At that time the commercial vehicle trucking industry was coming out of a record setting year, 490,000 heavy duty, class 8 orders. However, questions were being asked about industry capacity and the potential [...]
ACT Research: Current Class 8 Market Activity Rapidly Approaching Precipice According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, current Class 8 build rates may suggest upside to the 2019 forecast, but large new inventories and deteriorating freight and rate conditions suggest erring on the side of caution remains the [...]
ACT Research: When Change Comes, It Is Likely to Come Fast According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, current Class 8 build rates suggest upside to the 2019 forecast, but large new truck inventories and deteriorating freight and rate conditions suggest erring on the side of caution remains [...]
ACT Research: Trucker Profitability Expected to Roll-Over in 2H’19 According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, slower freight growth, an easing of driver supply constraints, the resumption of the long-run freight productivity trend, and strong Class 8 tractor fleet growth will increasingly pressure rates and by extension, trucker [...]
In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that the overall economic picture remains largely unchanged, with growth moderating in 2019 from last year’s vigorous pace. While slower growth is expected, the danger signals that were flashing at the start of the year have largely moderated, no longer signaling imminent danger. [...]
Preliminary North America Class 8 net order data show the industry booked 14,800 units in April, dropping a moderate 6.2% from March, but down 57% from year-ago April. Note that these numbers are preliminary. Complete industry data for April, including final order numbers, will be published by ACT Research in mid-May.
The average price of total used Class 8 trucks in March was down 5% month-over-month, but remained 10% higher year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The report also indicated used Class 8 same dealer sales volumes rose 25% m/m, but [...]
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