Auto manufacturers are increasingly driving away from big-scale auto shows in favor of holding their own events or choosing to attend smaller, more diverse, interactive showcases. The shift is highlighted by the large number of prominent brands that plan to skip next month’s Frankfurt auto show including: Peugeot, Fiat, Alfa Romeo, DS, Infiniti, Jeep, Mitsubishi, […]
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 […]
After being negative for 13 consecutive months, the market fluctuations in per-mile truckload pricing, referred to as the Cass Truckload Linehaul Index, appears to be stabilizing according to findings from Broughton Capital. Over the past four months, the Cass Truckload Linehaul Index has remained positive. Notably, the July Cass Truckload Linehaul Index increased by 2.3% […]
Old Dominion Freight Line, Inc. announced a general rate increase (GRI) of 3.5% applicable to rates established under the existing ODFL 559, 670, and 550 tariffs effective September 1, 2017. In making the announcement, Todd Polen, Old Dominion’s vice president of pricing commented, “Our GRI will affect our class tariffs and is intended to partially […]
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, […]
