Tim Denoyer is Vice President and Senior Analyst at ACT Research, where he leads the firm’s transportation research initiatives and serves as the principal author of the ACT Freight Forecast: U.S. Rate and Volume Outlook. This comprehensive report offers supply chain professionals critical insights into pricing and volume trends across truckload, less-than-truckload, and intermodal markets—sectors that form the backbone of the $800 billion U.S. freight transportation industry.
Denoyer joined ACT Research in August 2017, bringing with him 15 years of experience in equity research, with a focus on the transportation, machinery, and automotive industries. He was a co-founder of Wolfe Research, a prominent equity research firm, where he earned recognition as a Rising Star analyst in both the machinery and auto sectors by Institutional Investor. His investment background also includes tenure at Balyasny Asset Management, where he covered the industrial sector of the equity market.
At ACT Research, Denoyer applies his investment expertise to analyze commercial vehicle demand and the development of alternative powertrains, including electrification. His work provides valuable foresight into the dynamics of freight rates, volumes, and transportation trends. Denoyer is also a sought-after speaker, having presented at industry events hosted by organizations such as the Intermodal Association of North America (IANA), the Council of Supply Chain Management Professionals (CSCMP), the National Association of Truck Stop Operators (NATSO), and the Truckload Carriers Association (TCA).
Denoyer holds a Bachelor of Business Administration in Economics and Finance from James Madison University.
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