Connect with us

News

ACT Research: Class 8 Supply Still Rising Faster than Demand

Advertisement
Click to view full-size graph.

Click to view full-size graph.

The ACT For-Hire Trucking Index from ACT Research Co. has reported the supply of Class 8 trucks continues to rise faster than demand.

Click Here to Read More
Advertisement

Supply (capacity index) rose faster than demand (freight index) for the 8th time in 10 months in September, said Kenny Vieth, ACT’s president and senior analyst.

“We have to go back to the second half of 2012 to find a comparable period of imbalance – a period marked by anemic economic growth and strong U.S. Class 8 retail sales. With strong Class 8 sales expected into the end of the year, and no apparent catalyst to trigger stronger economic growth, we would expect capacity additions to remain ahead of freight creation at least into the end of 2015,” he added.

For more information on ACT, visit http://www.actresearch.net.

Advertisement
Click to comment

POPULAR POSTS

People

Winhere Brake Parts Hires New Director of Friction Category

goodyear-cooper-TR1400 goodyear-cooper-TR1400

News

Goodyear Vows Integrated Product Portfolio with Cooper by 2023

Bridgestone Recall 1400 Bridgestone Recall 1400

News

Goodyear Tire & Rubber Company Recalls Certain G159 Tires

Rod Bayless Epicor Predictive maintenance assistant Rod Bayless Epicor Predictive maintenance assistant

News

Epicor Partners with MicroStrategy on Predictive Maintenance

Connect
Tire Review Magazine