Commercial trucking improves

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ACT Research data show several signs that the worst might be over for Class 8 trucks

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August 12, 2020

Commercial trucking improves

ACT Research data show several signs that the worst might be over for Class 8 trucks

Even as the economy works to regain its footing post-COVID and pre-vaccine, freight markets should be somewhat less impacted because, while we can choose not to go to restaurants, not eating is not an option. Most freight is related to society’s most basic needs: food, shelter, clothes, transportation. – Kenny Vieth, president and senior analyst, ACT Research

13,441 trailers ordered

June U.S. trailer orders, 333% higher than May, 112% higher than June 2019

Large fleet orders, not owner-operator trucks, drove big increases

Shrinking Class 8 retail sales suggest equipment capacity will continue to tighten, but with sidelined drivers likely returning and lenders extending loans, it may be a while before the market tightens structurally. The road back might be a long one. – Kenny Vieth, president and senior analyst, ACT Research