In the release of its Commercial Vehicle Dealer Digest, ACT Research noted that recently softer Class 8 orders are attributed to backlogs that are still out about 10 months.
Many of the orders normally booked in the year’s first quarter were actually placed in the rush to get into the queue in the second half of 2018.
“The rolling-over of ACT’s dashboard guidance suggests today’s order weakness will transition from ‘too much backlog’ to an equipment supply-freight demand imbalance in the near future,” said Kenny Vieth, ACT president and senior analyst.
He continued, “That said, heavy commercial vehicle markets continue to benefit from key triggers, including still-strong freight rates (being marked-down from record levels) and new technologies, like better fuel efficiency and safety technologies, as well as increased demand generated in the trailer segment for drop-and-hook to keep drivers moving.”
The Commercial Vehicle Dealer Digest provides monthly analysis on transportation trends, equipment markets and the economy.
Chapter 11 of the Bankruptcy Code remains the go-to for businesses (and certain individuals) seeking to reorganize while retaining control of their assets and operations as “debtors-in-possession.” But consistently low percentages of Chapter 11 cases result in successful reorganization. Critics... read more
Introduction As I glanced through the recent Monitor 100, I noticed that one third were independents with more than $11 billion in collective volume, or 6% of the entire group, (up from 4.8% in 2018). That $11 billion market share... read more