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.
โThe 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,โ said Steve Tam, ACTโs vice president, commercial vehicle sector.
โWhile 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.โ
Fleets in ACTโs 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. ACTโs 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.
