Equipment Sector

ACT Research: COVID-19 Only One Risk to CV Forecasts

According to ACT Research’s recently released Transportation Digest, COVID-19 is just one of several factors that could impact commercial vehicle forecasts now and in the foreseeable future. read more

ACT Research For-Hire Trucking Index Highlights Driver Shortage in July

ACT Research’s July For-Hire Trucking Index showed an across-the-board downtick in the diffusion indexes after a record surge in June. July’s Volume Index fell six points to 64.3 (SA), while pricing and productivity were at 60.3 and 61.5, respectively. read more

Global Handling and Lifting Equipment Market to Grow Nearly 3% by 2024

According to a report from Technavio, the size of the global handling and lifting equipment market is poised to grow by $12.21 billion between 2020 and 2024, progressing at a CAGR of almost 3% during the forecast period. read more

ACT: July Used Truck Metrics Show Volumes Up YTD, Average Price, Miles and Age Down

Class 8 same dealer sales volumes were up 13% year to date against the first seven months of 2019, with average price, miles and age all below July 2019 year-to-date rates and down 15%, 1%, and 8%, respectively, according to ACT Research. read more

ACT: Trailer Production Rebound Not Across the Board, Lower Replacement Demand Expected

Analysis of the last decade of trailer production shows that the industry opened the year at an average production pace until the shelter-in-place lockdowns began in late Q1/20, according to this quarter’s issue of ACT Research’s Trailer Components Report. read more

Business Jet Market to Grow 7.3% by 2030

According to a report from Research and Markets, the business jet market is estimated at $18.8 billion in 2020 and is projected to grow to $38 billion by 2030, representing a CAGR of 7.3% during the forecast period. read more

Commercial Truck Market Recovery is on Track

In the August 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 conditions across the board were generally stabilized in July, suggesting June’s recovery was not solely based on pent-up demand. read more

ACT Research: U.S. Trailer Net Orders Post Another Significant Improvement in July

July net U.S. trailer orders of 18,851 units were a significant improvement (up 40%) from June’s uptick and well above July 2019’s level (up 80%). Before accounting for cancellations, new orders of 20 thousand units were up 26% versus June and 44% better year-over-year, according to ACT Research. read more

ACT: North American Class 8 Net Orders Hit Nine-Month High in July

Supported by strong U.S. tractor demand, NA Class 8 net orders rose to a nine-month high in July according to ACT Research’s latest State of the Industry: NA Classes 5-8 Report. read more

ACT‌ ‌Research:‌ ‌Spot‌ ‌Rates‌ ‌Rise‌ ‌30%‌ ‌Y/Y‌ ‌

Tom‌ ‌Denoyer,‌ ‌vice‌ ‌president‌ ‌and‌ ‌senior‌ ‌analyst‌ ‌for‌ ‌ACT‌ ‌Research,‌ ‌stated‌ ‌that,‌ ‌“A‌ ‌freight‌ ‌ recovery‌ ‌amidst‌ ‌a‌ ‌driver‌ ‌shortage‌ ‌has‌ ‌driven‌ ‌an‌ ‌acutely‌ ‌tight‌ ‌truckload‌ ‌market,‌ ‌with‌ ‌spot‌ ‌rate‌ ‌ measures‌ ‌up‌ ‌30%‌ ‌y/y.”‌ ‌ read more

June 2020 U.S. Cutting Tool Orders Up 10.1% from May 2020 

June 2020 U.S. cutting tool consumption totaled $150.6 million, according to the U.S. Cutting Tool Institute and The Association for Manufacturing Technology. This total was up 10.1% month over month, down 24.6% year over year. read more

John Deere Expands Excavator Lineup With New 200G Model

John Deere introduced the 200G model to its excavator lineup. The new excavator is designed for applications such as site development, roadbuilding, earthmoving and irrigation work. read more

ACT: July YTD Class 8 Sales Up, Average Price, Miles & Age Down

Preliminary used Class 8 volumes (same dealer sales) grew 16% month-over-month in July, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. read more

ACT Research: CV Forecasts Upgraded for 2020

Commercial vehicle forecasts for 2020 were marked up across the board in August, according to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, which cites the uptick as a result of a robust “perfect storm” of positives in late spring and summer. read more

ACT: Spot Rate Spike Arrives, Contract Rate Increases Following Soon

In the August installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report, ACT Research forecasted rates for the next 12 to 15 months, noting that spot rate measures are up 30% year over year. read more

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Terry Mulreany
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