ACT: Demand Strength, Stagnating Freight Growth Continue for NA CV Industry
MAY 17, 2019 - 5:55 am
According to ACT Research’s latest State of the Industry: Classes 5-8 Report, April’s Class 8 metrics generally aligned with expectations, with the lone exception of cancellations, which continued to trend lower.
“Data continue to tell the same stories we have been reporting. First and foremost, the story remains one of current demand strength: The backlog remains jam-packed and robust retail sales highlight good follow-through on all those orders that were booked in the last half of 2018,” said Kenny Vieth, ACT Research’s president and senior analyst. “The second story starts with those softening freight metrics, pivots on robust build and sales, and ends with the reality of a record new Class 8 inventory. In short, freight growth is stagnating, even as Class 8 population growth is accelerating.”
Regarding the medium duty markets, Vieth commented, “Medium duty metrics remained in-line with expectations again in April, as most metrics were close to their prevailing trends.”
Nature abhors a vacuum. Equipment finance abhors bankruptcy. Whether in securitized or large, single-asset financings, financiers structure transactions to be “bankruptcy remote.” This article will discuss a December 2021 bankruptcy court bench ruling that found certain protective provisions to be... read more
Breakthrough innovation doesn’t just happen. It requires an environment of trust, teamwork and transparency to sprout and thrive in a business setting. A genuine connection with a coworker, while it can’t be mandated by your employer, doesn’t happen accidentally. Getting... read more