‘Perfect storm’ of positives impacting commercial-vehicle market, ACT says

406
New Freightliner
Kenny Vieth, president and senior analyst for ACT Research, said he expects the Class 8 commercial vehicle industry to make a “steady, if historically modest,” rebound. (Linda Garner-Bunch: The Trucker)

COLUMBUS, Ind. — In the release of its Commercial Vehicle Dealer Digest on Sept. 25, ACT Research reported that an “unforeseen robustness of the perfect storm of positives into late spring and summer, following the initial shock of COVID-19 shutdowns and other mitigation efforts, has resulted in sharp upgrades in commercial vehicle expectations since May.”

OTR Capital

The report, which combines ACT’s proprietary data analysis from a variety of industry sources, paints a comprehensive picture of trends that impact the transportation and commercial vehicle markets. Designed for use by commercial vehicle dealer executives, the monthly report offers a relevant, high-level forecast summary, complete with transportation insights. Topics covered in the report include for-hire indices, freight, heavy- and medium-duty segments, the total U.S. trailer market, used truck sales information and a review of the U.S. macro economy.

“There have been a number of factors that have contributed to significantly better freight outcomes, in spite of the dramatic economic downturn that continues to negatively impact significant swaths of the U.S. economy. One of the biggest surprises is illustrated by real personal consumption,” said Kenny Vieth, ACT’s president and senior analyst.

“Since consumers couldn’t spend on experiences like vacations, sporting events and concerts, they put that money to work buying goods. Summer vacation doesn’t fit into a truck, but stuff does,” he continued.

Vieth also noted that he foresees a rebound in the Class 8 commercial vehicle industry.

“On top of the consistent roll-out of good economic numbers from consumer activity, the sustained rally to record highs in dry van truckload spot rates reflects the sizeable piece of the driver supply that was sidelined in April,” he said. “The resulting rise in carrier profits bodes well for commercial vehicle demand. Even in the face of significant parked capacity right now, a case can be made for a steady, if historically modest, Class 8 market rebound from here.”

For over 30 years, the objective of The Trucker editorial team has been to produce content focused on truck drivers that is relevant, objective and engaging. After reading this article, feel free to leave a comment about this article or the topics covered in this article for the author or the other readers to enjoy. Let them know what you think! We always enjoy hearing from our readers.

COMMENT ON THIS ARTICLE

Please enter your comment!
Please enter your name here