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ACT: Supply and demand-side triggers impacting heavy CV markets

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Act: supply and demand-side triggers impacting heavy cv markets
ACT Research said that with Class 8 and trailer backlogs out more than 10 months, the fleets who are normally in the market this time of year have already placed their orders. (The Trucker file photo)

COLUMBUS, Ind. — ACT Research said Wednesday that the heavy commercial vehicle markets continue to benefit from a still-broad spectrum of supply and demand-side triggers.

Three of the key considerations ACT has been reviewing include the fact that freight rate markdown is from record levels, the addition of new technologies such as better fuel economy, safety technologies and automated manual transmissions that weren’t available or being spec’d three to four years ago, and increased demand being generated for drop-and-hook operations to keep drivers (and freight) moving.

The information was contained in ACT’s Commercial Vehicle Dealer Digest report, which provides monthly analysis on transportation trends, equipment markets, and the economy.

“Preliminary December Class 8 data marked slowing orders, but that slowing must be viewed in the context of near-record backlogs,” said Kenny Vieth, ACT’s president and senior analyst. “With Class 8 and trailer backlogs out more than 10 months, the fleets who are normally in the market this time of year have already placed their orders in the rush to get into the queue that began mid-year.”

Vieth said that while the supply-demand balance for fleets is softening at the margins, demand for heavy commercial vehicles remains strong, and upside production pressures in the first half of 2019 are considerable, given those big backlogs.

“Additionally, slower freight growth, an easing of driver supply constraints, the resumption of the long-run productivity trend, and strong Class 8 tractor fleet growth are expected to increasingly pressure rates and by extension, trucker profits in 2019,” he said.

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American 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. More information can be found at www.actresearch.net.

For more information about ACT’s Commercial Vehicle Dealer Digest, go to http://www.actresearch.net/services/publications/commercial-vehicle-dealer-digest/.

 

 

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Kenworth to collaborate with Meritor on T680E Electric powertrain development

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concept photo of Kenworth electric model
The electric Kenworth T680E will be a short-hood day cab in tractor configurations of 4x2 and 6x4 axles and as a 6x4 axle straight truck. The T680E will offer an operating range between 100 to 150 miles, depending on application. (Courtesy: Kenworth)

KIRKLAND, Wash. — Kenworth has announced it will collaborate with Meritor on electric powertrain development for Class 8 Kenworth T680E battery-electric vehicles.

The electric Kenworth T680E will be a short-hood day cab in tractor configurations of 4×2 and 6×4 axles and as a 6×4 axle straight truck. The T680E will offer an operating range between 100 to 150 miles, depending on application.

“The Kenworth T680E development in collaboration with Meritor is a major advanced technology step in Kenworth’s evolution of zero-emission electric powertrain solutions for our customers,” said Kevin Baney, Kenworth general manager and PACCAR vice president. “Initial production of the Kenworth T680E is expected to begin in the fourth quarter 2020 and ramp through 2021.”

Meritor, Inc. is a global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. Meritor is based in Troy, Michigan.

“We look forward to working closely with Kenworth to help develop the Kenworth T680E as an important, viable battery-electric answer for the day cab market,” said T.J. Reed, vice president of Global Electrification for Meritor.

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New Kenworth parts, service locations now open in Maryland and Nebraska

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Kenworth service location in Maryland
West Point Kenworth is approximately one hour south of Sioux City, Iowa, and located along Highway 275, a major trucking route in the area. (Courtesy: Kenworth)

WESTMINSTER, Md. And West Point, Neb. — Kenworth now offers additional locations for parts and services. Mid Atlantic Kenworth has added a full-service location in Westminster, Maryland, while Sioux Falls Kenworth has opened a new parts and services dealership in West Point, Nebraska.

Maryland

In Westminster, Maryland, the 17,400-square-foot facility features a full parts and service department, with 10 service bays to maximize customer uptime for truck operators passing through the area. A drivers’ lounge is available to customers while their trucks are serviced.

The facility, Kenworth Mid Atlantic Westminster is located on three acres, which offers customers ample room to park their trucks.

The Westminster, Maryland facility is located at 821 Baltimore Blvd. and its hours of operation are 7 a.m. to 5 p.m. Monday through Friday and 7 a.m. to 1 p.m. on Saturday.

Nebraska

With its new parts and service dealership in West Point, Nebraska, Sioux Falls Kenworth can now offer expanded support to fleets and operators in the greater Sioux City, Iowa area.

West Point Kenworth is approximately one hour south of Sioux City and located along Highway 275. The 12,800-square-foot building is situated on 3.5 acres. The facility features an 8,600-square-foot service department with eight service bays. Also included is a 1,200-square-foot parts retail display area and a 1,900-square-foot space for bulk storage.

The West Point facility is located at 1805 Sycamore St. in West Point. Hours of operation are from 8 a.m. to 5 p.m. Monday through Friday and 8 a.m. to 12 p.m. on Saturday.

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Agility partners with XStream Trucking to distribute aerodynamic TruckWings

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a patented design allows truckwings to swing out and retract
The patented TruckWings design incorporates folding panels made of impact-resistant, glass-reinforced composites attached to the rear sides and roof of the cab that automatically swing out to close the cab-to-trailer gap at highway speeds and retract at lower speeds. (Courtesy: Agility Fuel Solutions)

COSTA MESA, Cali. — Agility Fuel Solutions and XStream Trucking have announced that Agility will be the exclusive distributor of Xstream’s TruckWings aerodynamic systems for compressed natural gas (CNG) trucks in North America. Agility will also distribute TruckWings on a non-exclusive basis to the diesel truck market.

The patented TruckWings design incorporates folding panels made of impact-resistant, glass-reinforced composites attached to the rear sides and roof of the cab that automatically swing out to close the cab-to-trailer gap at highway speeds and retract against the rear of the cab at lower speeds to leave room for turning maneuvers.

“TruckWings is the first device which completely solves the turbulence problem created by the open area between the tractor and trailer that contributes significantly to a truck’s overall aerodynamic drag,” said Daniel Burrows, XStream Trucking’s founder and CEO. “We are pleased to now partner with Agility to offer TruckWings as a factory option for CNG trucks in North America.”

Agility, a business area of Hexagon Composites ASA, and XStream Trucking have previously partnered to provide TruckWings systems for over 750 CNG trucks used by major fleet operators. Agility’s leadership in providing clean fuel solutions for commercial vehicles coupled with its extensive customer base and value-added aftermarket services will expand XStream’s TruckWings solution to reach the growing CNG truck market throughout North America.

“Agility’s trucking fleet customers are focused on fuel cost savings and on increasing the fuel economy of their CNG trucks. TruckWings are a great answer to this problem, as we’ve demonstrated in real-world use with some of our major fleet customers,” said Eric Bippus, Agility’s senior vice president of global sales and marketing. “We are very pleased to enter into this distribution agreement and to continue to work with XStream Trucking to deliver clean and efficient transportation solutions for the North American trucking market.”

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