The supply of class 8 trucks has continued to rise faster than demand according to the most recent ACT For-Hire Trucking Index from ACT Research.
“The capacity index [supply] rose faster than the freight index [demand] for the eighth 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.”
ACT is the worldwide leading publisher of 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.
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