COLUMBUS, Ind. – For the second time this year and only the fourth time in 19 months the demand for Class 8 trucks rose faster than the supply, according to the most recent ACT For-Hire Trucking Index from transportation analysis firm ACT Research Co. LLC.
“This is only the second time in 10 months that freight volumes showed any meaningful increase,” said Steve Tam, ACT’s vice president-Commercial Vehicle Sector. “Time will tell whether this is the beginning of a trend or a temporary … anomaly.”
The balance between supply and demand is still at the mercy of the widespread macro-inventory overhang, Tam added.
ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market, the company stated.
For more information on ACT, visit actresearch.net.
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