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Bearish on truck market

Published Tuesday, January 01, 2008

A protracted downturn in freight has caused A.C.T. Research to lower its Class 8 production forecast for this year and 2009. “Where the economy goes, freight follows, and where freight goes, truckers follow, and where truckers go, Class 8 demand follows,” said A.C.T. senior partner Kenny Vieth in a conference call, “Turn Signals: What's the Outlook for Commercial Vehicle Demand in 2008-2009?” He said A.C.T.'s estimates for Class 8 builds were cut from 259,258 to 215,093 (2.0% year-over-year growth) for 2008 and from 382,528 to 328,859 (52.9% year-over-year growth) for 2009. He suggested that depending on the economy ...

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