ACT: Transportation Trends Producing Stronger Demand for Trucks

Demand for both heavy-duty (Class 8) vehicles and commercial trailers will drive significant production gains for North American OEMs in the next two years, says ACT Research. ACT sees continued signs of stability and growth in the freight segment of the economy, which will provide a solid lift in demand for commercial vehicles over the next couple of years.

In the latest release of the ACT North American Commercial Vehicle Outlook, ACT projects full-year 2010 production of Class 8 vehicles at approximately 152,000 units, up 29 percent from a weak 2009, but still well below normal replacement demand. ACT forecasts that demand will continue to ramp up over the next two years, with production in 2012 exceeding 300,000 units. Production of commercial trailers was extremely weak in 2009, but the latest forecast from ACT expects the sector to post annual growth rates in excess of 50 percent in both 2010 and 2011.

“Our forecasts for both 2010 and 2011 have stayed in a narrow range for the past fifteen months as our model predicted a slow economic recovery and deferred investment would create a strong replacement cycle as we moved into 2011,” said Kenny Vieth, president and senior analyst with ACT Research. “While headwinds make a full-blown economic recovery unlikely before 2012, recent trends in the transportation and commercial vehicle markets point toward demand for new vehicles building throughout 2011 and 2012,” added Vieth.

More info: ACT Research.

Printer Friendly Version
Email This Story
RSS
Bookmark and Share

Industry : Related News

12/14/2010 – ACT: Transportation Trends Producing Stronger Demand for Trucks

Demand for both heavy-duty (Class 8) vehicles and commercial trailers will drive significant production gains for North American OEMs in the next two years, says ACT Research….
More

12/13/2010 – Trucking Restrictions Lifted To Mitigate Freeze Damage to Crops

Florida Agriculture Commissioner Charles Bronson has alerted the state’s agricultural producers that highway restrictions have been eased so that they can quickly harvest and transport crops that are vulnerable to the freezing weather expected to blanket Florida early this week….
More

12/8/2010 – Diesel-Based Economic Index Looking Up, But More Movement Needed

An index that gauges the health of the economy based on diesel fuel purchases showed a slight increase in November after three months of decline….
More

12/8/2010 – Fleet Survey: Expansion Plans Lag Freight Growth

A new survey of fleets finds that carriers are shifting to more aggressive equipment acquisition and replacement plans….
More

12/6/2010 – FTR Associates: Heavy Truck Orders Reach Highest Level in Over Four Years

FTR Associates has released preliminary data showing November Class 8 truck net orders for all major North American OEM’s totaled 26,005 units, a 38-percent increase over October and the highest monthly order level since May 2006….
More

12/3/2010 – November Preliminary Net Orders of Heavy-Duty Commercial Vehicles Strong

November preliminary net orders of heavy-duty Class 8 commercial vehicles for North American markets were 26,300 units, according to ACT Research Co….
More

12/3/2010 – Survey: Truckers Optimism Still Up, Rate Increase Expectations High

A majority of carriers expect volumes to increase over the next year, and three-quarters expect rate increases, according to a study by the transportation consulting firm Transport Capital Partners….
More

12/1/2010 – Polk: Registrations up 10% Through September

New registrations for commercial trucks were up nearly 10 percent for the first nine months of the year compared to 2009….
More

11/30/2010 – Used Class 8 Vehicle Sales Activity Slows; Prices Continue to Rise

The volume of sales of used heavy-duty (Class 8) commercial vehicles has slowed in recent months, declining 16 percent month-over-month in October according to ACT Research Co….
More

11/30/2010 – J.D. Power Survey Finds Big Differences in Medium-Duty Fuel Mileage

Differences in gas mileage among medium-duty trucks could translate into savings of more than $2,000 per truck per year, according to the J.D. Power and Associates 2010 U.S. Medium-Duty Truck Engine and Transmission Customer Satisfaction Study released Monday….
More

11/29/2010 – Global Transportation Merger/Acquisition Activity Flat

The number of merger and acquisition deals announced in the global transportation and logistics sector in the third quarter remained above the pace of 2009 and is about the same as the previous quarter….
More

11/25/2010 – Happy Thanksgiving!

There will be no news posted to Truckinginfo.com for Thursday, Nov. 25 or Friday, Nov. 26 due to the Thanksgiving holiday.

In the meantime, check out our new blogs: All That’s Trucking; On the Road; and Trailer Talk.
More

11/24/2010 – Commercial Trailer Orders Highest Since February 2008

New orders of dry van commercial trailers more than doubled in October from the prior year, leading total net orders of commercial trailers to a 33-month high, according to ACT Research….
More

11/18/2010 – Class 8 Orders Rise to Highest Level of Year

October net orders of heavy-duty Class 8 commercial vehicles for North American markets were 18,914 units, up 24 percent month-over-month from September, according to ACT Research Co. That’s the second highest monthly total since April of 2008 and the highest this year….
More

11/16/2010 – PeopleNet Becomes a Trucker Buddy Sponsor

PeopleNet has become one of Trucker Buddy’s newest donors for 2010….
More

11/16/2010 – October Spot Freight Index Up Year Over Year; Slow Growth From September

In October, TransCore’s market research shows a 69 percent increase in spot market freight availability, compared to October 2009. For the third consecutive month, spot freight achieved the highest level for the month of October since 2005,…
More

11/15/2010 – Driver Shortage Matter of When, Not If

The economy and freight may be sluggish right now, but by 2012, the industry will be looking at shortage of 400,000 drivers, according to Eric Starks, president of FTR Associates….
More

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.