ACT Research predicts that electrification of the Class 4-8 commercial vehicle market in the U.S. and Canada will top 40% by 2040. HDT sits down with ACT's Jim Meil to dig into the report.
During a Work Truck Show 2021 virtual presentation, Andrej Divis, director, medium & heavy commercial vehicle research for IHS Markit, discussed some current work truck market trends and forecasts.
According to the American Trucking Associations and carrier U.S. Xpress, there are a number of factors affecting how the trucking industry will pull out of 2020 and the COVID-19 pandemic.
It's possible recent low diesel prices may start heading back up, with news that oil-producing countries plan to cut crude-oil production.
Expect higher parts prices this year as the demand for aftermarket truck parts continues to grow, according to MacKay and Co. projections presented at Heavy Duty Aftermarket Dialogue.
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.
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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