COLUMBUS, Ind. – ACT Research Company says its recent For-Hire Trucking Index indicates that the supply of Class 8 trucks continues to rise faster than demand.
“The capacity index [supply] rose faster than the freight index [demand] for the third consecutive month and the tenth time in the past 12 months in November,” said Kenny Vieth, ACT’s president and senior analyst. “We have to go back to the second half of 2012 to find a comparable period of imbalance – a period marked by anemic economic growth and strong U.S. Class 8 retail sales.”
Vieth added that those capacity additions are expected to remain ahead of freight creations at least until the end of the year due to strong Class 8 sales.
ACT is a publisher of new and used commercial vehicle industry data, market analysis, forecasting services and the tractor market in North America, as well as the China CV market.