ACT Research: Class 8 Tractor Dashboard Drops Sixth Time in Seven-Month Period

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard slipped in September to a -4 reading, the sixth moderately downbeat reading in seven months.

ACT Research Tractor Dashboard: Aggregate Tally & USC8 Tractor Net Orders (SA)
ACT Research Tractor Dashboard: Aggregate Tally & USC8 Tractor Net Orders (SA)

The Transportation Digest, 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.

“We think the Dashboard readings suggest a better outcome for Class 8 than was the case in the last two downturns (COVID 2020 and the popping of the global commodity bubble in late 2014). In those events, the negative readings reached double-digit levels,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “While we suspect more negative readings are inbound, they are not here yet.”

When asked about underlying takeaways, Vieth concluded, “in the latest reading, we saw the trucking stock index fall back into negative territory, while Class 8 cancellations moved from negative to neutral territory. Of the 15 variables in the Dashboard, three were at ‘positive’ levels, in line with August, while the number in ‘negative’ territory increased from six to seven.”

ACT Research: Transportation Digest

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.

ACT’s 68th Seminar is scheduled for February 21–23, 2023. The focus will be the continuous development of decarbonization and technological advancement in on-highway transportation. Each event ACT shares its best-in-class data and forecast in presentations while featuring guest speakers to expand upon topics of interest for the benefit of attendees. More information about Seminar 68 DRIVING DECARBONIZATION: THE FUTURE OF COMMERCIAL VEHICLES is forthcoming. Click HERE to register now.

With numerous technology applications and a current lack of mass adoption, the path to understanding the autonomous technology horizon is quality economic modeling. ACT Research, the gold standard in market data, forecasting, and total-cost-of-ownership development for the commercial vehicle market, has developed DRIVING AUTOMATION, a report aggregating relevant market information, diving deep into autonomous models, and presenting a technology adoption rate forecast over a 20-year horizon. To learn more about DRIVING AUTOMATION, click HERE.

For businesses working to understand the future of decarbonized powertrains across Classes 4–8 vehicles, ACT Research is continuing to develop and report groundbreaking analyses of various propulsion systems’ evolution of battery and fuel cell electric and hydrogen internal combustion, government regulations and subsidies, electric, hydrogen, natural gas, and gasoline supply, and infrastructure as well as a TCO model of 50 unique vehicle applications across North America, Europe, and China through 2040. To join ACT Research in this effort as we work to develop our third edition of CHARGING FORWARD, a decarbonization forecast thru 2040, and to learn more, click HERE.

Click here for information about ACT’s Transportation Digest.

For more information about additional ACT’s Transportation Publications and Services, click here.

--

--

ACT Research is the leader in commercial vehicle industry data, market analysis, and forecasting services for North America.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ACT Research Co.

ACT Research is the leader in commercial vehicle industry data, market analysis, and forecasting services for North America.