Subscribe to our free, weekly email newsletter!


ACT research says prices for used Class 8 trucks are up 4 percent in October

By Jeff Berman, Group News Editor
November 29, 2010

Data from ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that the average retail sales price of Class 8 used vehicles sold in October was up 4 percent from September.

September retail prices were up 3 percent from August, according to ACT data.

In the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, ACT also reported that the average price for the units sold increased 4 percent month-over-month as buyers focused on the limited supply of low mileage vehicles available, according to company officials.

“Tighter supplies of equipment of all sizes continue to be a boon for selling prices,” said Steve Tam, vice president-commercial vehicle sector with ACT, in a statement. “With the focus on late-model equipment, the average miles for Class 8 units sold were down 13 percent month-over-month and 14 percent compared to October of 2009,” added Tam.

In a recent interview with LM, Steve Tam, vice president-commercial sector at ACT, said that as available truck capacity continues to tighten on a sequential basis, freight hauling capacity is modeled by ACT as what he described as an active population, which examines the current state of freight hauling capacity.

“We think that pretty much all of the vehicles that are in operation on the Class 8 side hit a ‘balance point’ in the middle of the second quarter and beginning of the third quarter,” said Tam. “We don’t think there is much, if any, excess freight hauling capacity…out there right now.”

Even with a lack of capacity, Tam said that does not mean the trucking industry is using 100 percent of its available fleet. He added that 100 percent capacity utilization is not an ideal situation for shippers and carriers, as trucks need maintenance and re-positioning.
According to ACT estimates, total active Class 8 utilization at the moment is in the low-to-mid 90 percent range, which is the ideal amount for full utilization on an ongoing basis. It the economy was doing better, Tam said this rate could be bumped up a few percentage points.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

A number of key topics impacting the freight transportation and logistics marketplace were front and center at a panel at the Council of Supply Chain Management Annual Conference in San Antonio last week.

The relationships between third-party logistics (3PL) service providers and shippers are seeing ongoing developments due in large part to the continuing emergence and sophistication of omni-channel retailing. That was one of the key findings of The 19th Annual Third-Party Logistics Study, which was released by consultancy Capgemini Group, Penn State University, and Korn/Ferry International, a global talent advisory firm.

Optimism in the form of increasing profits was a key takeaway in the Annual Survey of Third-Party Logistics (3PL) CEOs, released earlier this week at the Council of Supply Chain Management Professionals (CSCMP) Annual Conference in San Antonio.

Seasonally-adjusted (SA) for-hire truck tonnage in August saw a 1.6 percent increase in August on the heels of a 1.5 percent increase in July. The August SA index––at 132.6 (2000=100)––stands as a new SA high, with November 2013’s 131.0 now the second best month recorded.

Carload volumes saw a 5 percent jump compared to the same week a year ago at 302,178, and intermodal volumes hit a new weekly U.S. record at 279,777 trailers and containers.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA