COLUMBUS, Ind. – ACT Research says supply of Class 8 trucks in the US is continuing to rise faster than demand.
Based on the company’s most recent For-Hire Trucking Index, Act president and senior analyst Kenny Vieth said the trend has been ongoing for eight consecutive months, and that fleets in the survey noted that freight continues to be soft and was void of the usual April uptick.
“In fact, in the past year, only once has the reverse been true,” said Vieth. “In addition to overcapacity relative to current freight activity, a widespread inventory overhang is compounding the problem.”