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Recent economic reports from trucking industry analysts show a decline in the freight market in the near term, but it could stabilize in the long term.
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Trailer orders continued to slide in May as OEMs catch up on building orders from last year. But with few signs that ordering will pick up again this year and a slowing economy, could it mean lower prices for fleets in the future?
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It’s no secret that orders for Class 8 trucks have been in decline this year, but May is projected to hit new lows, according to preliminary reports from FTR and ACT Research.
Read More →Trailer orders are down this year through April but production levels are near all-time highs as OEMs work through the glut of orders from last year.
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Class 8 truck production is expected to continue growing for most of 2019 before finally declining at the end of the year into 2020, according to a recent report from ACT Research.
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Decreasing freight rates, sluggish demand and slow truck orders are all signs of a trucking industry that has finally hit the brakes on the 2018 economic boom.
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Economist Jim Meil says a further drag on trailer production and sales will come from California when new regulations from the California Air Resource Board targeting heavy-duty truck trailers come into effect next year.
Read More →Trailer orders in March fell to the lowest level since late 2016, according to reports from analysts at FTR and ACT Research – but demand's still high.
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ACT Research will now publish a monthly report that will focus on the future of the U.S. trucking industry. The report, ACT Freight Forecast, U.S. Rate and Volume Outlook, will cover the truckload, intermodal, LTL and last mile sectors.
Read More →March Class 8 truck orders fell once again, falling below the 20,000 unit threshold for the third consecutive month.
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