Commercial trucking improves
ACT Research data show several signs that the worst might be over for Class 8 trucks
Even as the economy works to regain its footing post-COVID and pre-vaccine, freight markets should be somewhat less impacted because, while we can choose not to go to restaurants, not eating is not an option. Most freight is related to society’s most basic needs: food, shelter, clothes, transportation. – Kenny Vieth, president and senior analyst, ACT Research
13,441 trailers ordered
June U.S. trailer orders, 333% higher than May, 112% higher than June 2019
Large fleet orders, not owner-operator trucks, drove big increases
Shrinking Class 8 retail sales suggest equipment capacity will continue to tighten, but with sidelined drivers likely returning and lenders extending loans, it may be a while before the market tightens structurally. The road back might be a long one. – Kenny Vieth, president and senior analyst, ACT Research