Class 8 Demand Rises Faster than Supply for Second Consecutive Month
JUL 14, 2016 - 6:30 am
According to the most recent ACT For-Hire Trucking Index from Act Research, for the second time this year and only the fourth time in 19 months the demand for Class 8 trucks rose faster than the supply.
Steve Tam, ACT’s vice president of the Commercial Vehicle Sector, noted that the balance between supply and demand is still at the mercy of the widespread macro-inventory overhang. “This is only the second time in 10 months that freight volumes showed any meaningful increase. Time will tell whether this is the beginning of a trend or a temporary or transient anomaly.”
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