ACT Research: Pricing Index Hits 12-Month High in October

The pricing index bounced to its highest reported number in the past 12 months in October with a reading of 52.7, according to the most recent ACT For-Hire Trucking Index from ACT Research.

Twenty-five percent of respondents reported a modest increase, with 57% seeing no change in their revenue per mile.

Purchase intentions jumped more than 10% for tractors in October, with 41% of respondents planning purchases in the next three months. Thirty-five percent of the respondents plan to buy trailers in that period, an increase of six points compared to September. Almost all the purchases will be new and will be used to expand truckers’ fleets.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.