Subscribe to our free, weekly email newsletter!


Class 8 vehicle production to pick up.


May 19, 2010

Class 8 vehicle production to pick up. Amidst signs of an improving trucking market, recent data from ACT Research Co., a publisher of North American industry data and forecasting services for trucks and commercial vehicles, indicates that Class 8 vehicle production is expected to grow 14 percent year-over-year in 2010 and then hit a 72 percent annual growth rate in 2011. ACT partner and senior analyst Kenny Vieth said that while improving trends in trucking are a key component of improving commercial vehicle demand, the transition to new EPA 2010 engines will impact the timing of new order and production ramp ups. And with production of trucks with pre-mandate engines continuing into the second quarter, ACT now projects that the trough for heavy-duty truck build will occur in the third quarter before picking up in the fourth quarter of 2010.

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

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

The Department of Transportation’s Bureau of Transportation Logistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in December 2014 was up 5.4 percent annually at $95.8 billion. This marks the 11th straight month of annual increases, according to BTS officials.

While the volume decline was steep, there was numerous reasons behind it, including terminal congestion, protracted contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union, and other supply chain-related issues, according to POLA officials.

Truckload rates for the month of January, which measures truckload linehaul rates paid during the month, saw a 7.9 percent annual hike, and intermodal rates dropped 0.3 percent compared to January 2014, which the report pointed out marks the first annual intermodal pricing decline since December 2013.

Article Topics

Features · Management Update · All topics

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