The supply of Class 8 trucks continues to rise faster than demand for those trucks, according to the latest ACT For-Hire Trucking Index released by ACT Research Co. LLC.
“For an eighth consecutive month, the fleet capacity index has risen faster than the freight index,” said Kenny Vieth, ACT President and Senior Analyst.
“In fact,” he continued, “in the past year, only once has the reverse been true. In addition to overcapacity relative to current freight activity, a widespread inventory overhang is compounding the problem.
Vieth added that fleets responding to ACT’s survey also noted that freight continues to be soft, “without the usual April uptick.”
ACT is a 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.