The supply of Class 8 trucks continues to rise faster than demand, according to the most recent ACT For-Hire Trucking Index from ACT Research.

“The capacity index rose faster than the freight index for the seventh consecutive month and the 12th time in the past 14 months in March,” said Kenny Vieth, ACT’s president and senior analyst. “In addition to ongoing weakness in domestic manufacturing, an inventory overhang continues to exacerbate new freight creation. A return to ‘normal’ inventory levels in the broader economy is the first step to improved freight market performance. However, to date the correction has been slower than expected in coming.”

ACT is a publisher of new and used commercial vehicle 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.