North American Medium Duty (MD) and Heavy Duty (HD) Classes 5-8 net orders declined in August, dropping 1,400 units from last month, while rising 28% year over year. “Seasonally adjusted, orders rose 1.8% to 42,700 units,” said Steve Tam, Vice President at ACT Research. He continued, “On that basis, Classes 5-8 orders have ranged from […]
Class 8 same dealer used truck sales volumes continued to decline in July, falling 5% month-over-month, according to ACT Research. “Channel analysis indicates that the retail and wholesale declines were the primary drivers behind the overall market slump,” said Steve Tam, Vice President at ACT Research. He continued, “Despite the sequential drop, longer term comparison […]
North American Class 8 heavy truck production increased in July, boosted by the continued strength of orders. “After cutting 3,000 units from the Class 8 build plan last month, the OEMs added back nearly 6,000 units in July,” said Steve Tam, ACT Research’s Vice President. He continued, “This brings the OEMs’ full-year expectations to over […]
Big news in the For-Hire Trucking arena where the ACT Research Index indicated that July’s volume reading advanced for the seventh consecutive month to a score of 57.1 While the For-Hire Trucking Index is down from June, the freight index was almost 20 points above the reading in the same month last year. Six percent […]
Preliminary estimates from ACT Research indicate that the trailer manufacturing industry recorded 14,450 July orders for trailer units “We saw continued strong year-over-year net order performance last month. As has been the pattern, solid dry van commitments helped lead the total industry, with significant year-over-year gains in flatbed trailers occurring as well,” said Frank Maly, […]
ACT Research has announced that Tim Denoyer has joined the firm as Vice President and Senior Analyst. Denoyer joined ACT in August 2017, after spending 15 years in equity research focused primarily on the transportation, machinery and automotive industries. He adds to ACT’s service offering for the investment community, drawing on his background as an […]
