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During a panel discussion during Heavy Duty Aftermarket Dialogue, trucking experts recognized that aftermarket businesses must continue to adapt to changing economic conditions and market forces alike.
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For the third time this year, the economy seems to be doing better than trucking markets.
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Citing a brutal October and November, ACT Research warns that 2020 will be much tougher for both medium- and heavy-duty truck sales.
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The new year will be a tough one for the trucking industry, according to Steve Tam, vice president of research for ACT Research.
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ACT Research said North American used truck sales volumes fell 35% in November.
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Although a recession is unlikely next year, ACT Research said uncertainty regarding the economy in the latter half of 2019 will detrimentally affect medium- and heavy-duty truck markets next year.
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FTR and ACT Research report that preliminary trailer orders fell significantly in November as fleets become more cautious about freight conditions in 2020.
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FTR’s Trucking Conditions Index slipped into negative territory again for September when it hit its lowest point since May, reflecting a relatively weak environment for carriers.
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Freight transportation analysis firm FTR is reporting that the truck freight environment was mediocre in August and was likely to stay that way through 2020.
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August data from ACT Research's For-Hire Trucking Index show a pull back from July’s surprising and anomalous surge and a forecast for continued negative conditions until 2020.
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