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ACT: New equipment demand remains supported by freight rates and regulatory clarity
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ACT: New equipment demand remains supported by freight rates and regulatory clarity
COLUMBUS, Ind. — New equipment demand continues to be buoyed by materially improved spot and contract rates, driven largely by the rapid shift in driver supply, as published in the latest release of ACT Research’s North American Commercial Vehicle OUTLOOK. “Class 8 order strength continued in May, with preliminary orders of 26,500 units, up 103% y/y and 12% m/m (SA), respectively,” said Ken Vieth, president and senior analyst, ACT. “Despite ente…
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