COLUMBUS, Ind — 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.
The Transportation Digest, which combines ACT data and analysis from a wide variety of sources, paints a picture of trends impacting transportation and commercial vehicle markets.
“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.”
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