The supply of Class 8 trucks continues to rise faster than demand according to the most recent ACT For-Hire Trucking Index from ACT Research Co LLC (ACT).
“The capacity index [supply] rose faster than the freight index [demand] for the fifth consecutive month and the eleventh time in the past 13 months in January,” said Steve Tam, ACT’s vice-president, commercial vehicle sector. “While this measure had been getting better (less unfavorable) in previous months, a clear fall-off in freight caused the index to deteriorate further in January.”
Fleets in ACT’s survey noted that the East Coast blizzard in January had a deleterious effect on freight volumes.