ACT Research: Class 8 demand rose faster than supply
COLUMBUS, Ind. – The demand for Class 8 trucks rose faster than the supply for the second month in a row, according to the most recent ACT For-Hire Trucking Index from ACT Research.
This marks the second time this year and only the fourth time in 19 months the demand for Class 8 trucks rose faster than the supply/
Steve Tam, ACT’s vice-president-Commercial Vehicle Sector, noted that the balance between supply and demand is still at the mercy of the widespread macro-inventory overhang.
“This is only the second time in 10 months that freight volumes showed any meaningful increase. Time will tell whether this is the beginning of a trend or a temporary or transient anomaly,” he said.
For more information on ACT, please visit www.actresearch.net.
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