Freight Forecast: Year-Over-Year Decline

       According to the Americas Commercial Transportation (ACT) Research, numbers have indicated a 28% decrease in truck orders from September this year to that of the same month in 2015.  Reports have shown a total of 13,900 units in September during a traditionally slower month out of the year.  ACT Vice President Steve Tam was quoted in the Transport Topics magazine saying, “This level of order intake is in line with how we see the industry performing.  We expect to see a modest seasonal uptake in the fourth quarter, probably around 19,000 units.”  Analyzing month by month on year-over-year basis the average numbers slumped by 40%.   The article in Transport Topics Magazine informs on various statistics similar in nature but then goes on to note a relatively positive trend.  Earlier in 2016 the inventory of unsold heavy trucks peaked at 25,000 but more recent data has shown that the number has now dropped closer to 15,000. Analysts from the ACT Meeting discussed much about the state of the U.S. Economy and left readers with a more positive thought.  “The truck forecasts are built on a few more years of steady, though uninspiring economic growth.  There do not seem to be serious warning signs for a recession currently.”    Read the full article in the Transport Topics Magazine issued week of October 10th, 2016.