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In its latest For-Hire Trucking Index Report, ACT Research found downticks across each of the volume, productivity and capacity results, though freight rates have improved since August.
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A new report by ACT Research finds that natural gas-powered Class 8 truck sales have fallen off by almost 30% compared to last year's numbers.
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According to ACT Research, North American Class 8 net orders dropped sequentially in September, but they continue to grow year over year.
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The parent company of truck makers Peterbilt, Kenworth, and DAF reported on July 24 a 50% rise in profit and forecast the strong truck sales market will continue into 2019.
Read More →May was another strong month for new Class 8 truck orders as fleets work to keep up with increased demand in a tight capacity environment.
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Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.
Read More →Early reports are showing that heavy-duty truck orders likely dropped as much as 12,000 units from March to April, but despite that being the largest single-month decline since 2011, analysts are still calling the market for Class 8 equipment hot.
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A quarterly survey of a varied panel of trucking fleets finds continued strong plans to buy more trucks, especially among larger fleets, and among private fleets looking to address capacity and rate issues – but those truck orders are in many cases about other things than adding capacity, because drivers continue to be in short supply.
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Volvo and Paccar both reported that profits moved higher in the first quarter of the year as sales also improved, increasing their predictions for the Class 8 truck market for 2018.
Read More →Truck orders in the first quarter of 2018 hit the second highest mark in history and mark the best period for orders since 2006, according to ACT Research.
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