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

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

At $2.843, the average price per gallon was down 1.6 cents, following last week’s 1.1 cent drop and a cumulative 7.1 cent cumulative drop over the last five weeks.

LM Group News Editor Jeff Berman caught up with UPS Freight President Jack Holmes at the National Shippers Strategic Transportation Council’s (NASSTRAC) Annual Conference and Exhibition. Berman and Holmes spoke about various aspects of the less-than-truckload sector (LTL), as well as related freight transportation news and trends.

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA