Subscribe to our free, weekly email newsletter!


Class 8 commercial vehicles see 15 percent annual gain in August, says ACT

image

Americas Commercial Transportation (ACT) Research, Co., LLC is the recognized leading publisher of commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market.

By Jeff Berman, Group News Editor
September 21, 2010

Data published by ACT Research, a provider of data and analysis for trucks and other commercial vehicles, indicates that net orders of heavy-duty Class 8 commercial vehicles were up 15 percent year-over-year in August.

The firm said in its most recent edition of its State of the Industry: Classes 5-8 Vehicles that for the three months ended August 31 net orders of Class 8 vehicles came in at 40,033—a 42 percent annual gain.

ACT Vice President Commercial Sector Steve Tam said in a statement that the “summer months tend to be seasonally low order months for Class 8 vehicles, but this summer has seen a stabilization of orders at a more material rate compared to the trough of 2009.

Tam added that net orders were particularly strong in Mexico, likely due to increases manufacturing and trade, as well as possibly benefiting from some “re-shoring” of manufacturing that previously occurred abroad.

This news follows a recent ACT release— ACT North American Commercial Vehicle Outlook— which is calling for full-year production of Class 8 vehicles to be up 26 percent—at roughly 150,000 vehicles—over 2009, with solid growth into 2011, too. ACT also said that commercial trailer production will increase by 47 percent this year.

“Based on our modeling and anecdotal evidence from truckers, it seems like the supply-demand imbalance, which has been tilted away from truckers for the last four years, has gone back to truckers…and we don’t see that abating,” said Ken Vieth, ACT partner and senior analyst, in an interview.

“This makes things worse for shippers and better for truckers in coming quarters.”

At current levels, Vieth said truck and trailer production is positioned to ramp up as fast as demand is. And with capacity still tight and current fleets aging in conjunction with a potential stretch of increased truckload earnings there could be some staying power for future truck production, he said.

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

After 20 years, two congressional mandates and countless lawsuits and lobbying efforts, safety advocates and the Teamsters union still say there are too many inexperienced rookie truck drivers hitting the road without sufficient behind-the-wheel training.

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply.

Southern California shippers are getting a break on container dwell expenses for the next ten days as the Port of Long Beach announced that it had added an extra three days to the time that overseas import containers can remain on the docks without charge.

The long-simmering court battle over whether FedEx Ground’s workers are independent contractors or employees appears headed to the appellate courts—and maybe the U.S. Supreme Court.

Carload volume headed up 4.3 percent to 298,376, and intermodal units, at 273,376 containers and trailers were up 4.8 percent annually.

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