ACT Research: With Present CV Demand Strong, the Question Is When Does It End?
COLUMBUS, IN – (Trailer Technician) – According to ACT Research’s recently released Transportation Digest, the mid-year 2021 indicators that ACT tracks for the economy, for freight, and for equipment utilization are about as good as the company, and its veteran analysts with 20 to 40 years in the industry each, have ever seen.
The report, which combines proprietary ACT data and analysis from a wide variety of sources, paints a comprehensive picture of trends impacting transportation and commercial vehicle markets. This monthly report is designed as a quick look at transportation insights for use by fleet and trucking executives, reviewing top-level considerations such as for-hire indices, freight, heavy and medium duty segments, the US trailer market, used truck sales information, and an overview of the US macro economy.
“Near term, volumes will be dictated by OEM and supplier capacity; the market will take as many trucks, tractors, and trailers as the manufacturers can make for this year and deep into next year,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “We’ve been on a wild 12-month return-to-near-normal ride, but having reached the ‘it’s as good as it gets’ stage, the next question company management and ACT’s clients are asking is, when does it all end?”
Vieth concluded, “From the trajectory of our forecast, it is clear that we think the most likely answer is not any time soon. But even as a theoretical exercise, it’s worthwhile to run through the array of signals to watch for early, actionable signs of a pending change in direction. Those include considerations like the yield curve, commodity prices, stock prices, purchasing managers’ surveys, spot freight rates, and ACT Research’s Class 8 Tractor Dashboard. (For more information about ACT’s Class 8 Tractor Dashboard, click here.)”
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.
What’s coming next in 2021 and 2022? ACT’s 65th OUTLOOK Seminar is the planning event for your business needs. Mark your calendar for August 24-26, 2021 to gain market updates and forecasts from ACT’s award-winning, veteran team with more than 200 years of combined industry experience. Click here for more details.
ACT’s commercial electric vehicle study, Charging Forward: 2020-2024 BEV & FCEV Forecast & Analysis, was published in early April, after months of extensive research. Utilizing industry expertise and analysis, as well as the input from a comprehensive list of key industry study participants, ACT Research has developed a critical guide for battery electric and fuel cell electric unit build and sales forecasts over the next two decades. With coverage of Classes 4-8 commercial vehicles, ACT has identified 14 market subsegments and more than 20 application types; this one-of-a-kind report is a must-have for those investing or investigating electric power opportunities. To learn more or to purchase this report, click here.