Commercial vehicle demand enters 2022 ‘like a lion’: ACT

by Today's Trucking

Demand for commercial vehicles were “materially above expectations” in the first month of 2022, reports ACT Research, and strong fundamentals point to continued high demand.

“We start 2022 as 2021 ended, with a very good outlook for economic activity and by extension, freight,” said Kenny Vieth, ACT’s president and senior analyst.

A woman turns the page from 2021 to 2022.  An "X" has been drawn across 2021 indicating good riddance to a difficult year.

“The challenges for the industry at the start of 2022 are not dissimilar from those of a year-ago: supply-chain and labor constraints. We began talking about ‘chips’ at the start of 2021 and are still talking about them today. If there is a silver lining, the world is a year closer to the capacity additions that record levels of investment in those industries promise; there was a lot of capacity in the pipeline prior to the globe’s demand for goods outstripping silicon capacity into late 2020.”

Vieth continued, “Some moderation is expected in the rate of consumption of goods, after the pandemic surge, but key medium- and heavy-duty indicators remain intact. Freight rates ended 2021 at record levels. Carrier profitability has been rising with rates, so truckers are expected to have considerable free cash to spend on equipment in 2022. Additionally, chip shortages are creating pent-up demand across manufacturing segments, and consumer balance sheets are well positioned. Moreover, container ship backlogs remain long, business inventories relative to sales continue at decade lows, and surging used CV equipment valuations underscore how badly carriers are looking to lock-in capacity.”

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.


  • Let me get this right. Company are crying about a severe driver shortage and yet they want to buy more trucks?? Who’s going to drive them ?? Sure ,why not add to the fleet…..makes perfect sense to me.