The supply of Class 8 trucks continues to rise faster than demand for trucks according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC. ACT, based in Indiana, publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China commercial vehicle market.
“The capacity index (supply) rose faster than the freight index (demand) for the fifth consecutive month and the 11th time in the past 13 months in January,” said Steve Tam, ACT’s vice president, commercial vehicle sector. “While this measure had been getting better (less unfavorable) in previous months, a clear fall-off in freight caused the index to deteriorate further in January.”
Fleets in ACT’s survey noted that the East Coast blizzard in January had a deleterious effect on freight volumes, Tam said.