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ACT Research convened a panel of industry experts to explore when and how self-driving trucks will impact fleet operations – and how they will affect truck driver jobs.
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Experts predict that autonomous truck operations will begin in earnest soon. ACT Research convened a panel of industry experts to explore when and how self-driving trucks will enter the North American trucking industry.
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The much-anticipated 2027 Class 8 truck prebuy fizzled out before it ever got off the ground. HDT asked Kenny Vieth of ACT Research why.
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Economic indicators rarely all tell the same story, but increasingly, they are pointing to an improving economy and light at the end of the tunnel for a trucking industry beleaguered by low freight rates.
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Both ACT Research and FTR reported Class 8 preliminary net orders increased in January over December 2023, but taking a broader view both noted large increases in orders compared to the same time a year ago.
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The freight recession continues to bump along the bottom, with the spot market continuing to be battered by overcapacity amidst freight demand that is somewhat improved but still soft.
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While 2022 was a challenging year for trucking, there was still growth in revenue, tonnage, employment, and other areas. In mid-2023, a number of data points appear to indicate that the current freight cycle is bottoming out. How fast it will head back up is another question.
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The latest release of ACT’s For-Hire Trucking Index shows continued improvement in freight volumes, pricing, and driver availability. This month’s reading still shows a gradually improving volume trend.
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Both ACT Research and FTR are reporting significant increases in September Class 8 truck orders over August as the 2024 order boards open.
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ACT Research announced that David Teolis, former deputy chief economist, international markets, FX and commodities for General Motors Company, has joined the firm in the position of chief economist.
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