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Wednesday, February 24, 2021

More Trucks than need

The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research Co.

“The capacity index supply rose faster than the freight index demand for the fifth consecutive month and the eleventh time in the past thirteen months in January,” said Steve Tam, ACT’s vice president, commercial vehicle sector.

“While this measure had been getting better (less unfavorable) in previous months, a clear fall-off in freight caused the index to deteriorate further in January.”

Fleets in ACT’s survey noted that the East Coast blizzard in January had a deleterious effect on freight volumes. ACT publishes new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China.