The supply of Class 8 trucks continues to rise faster than the demand for trucks, according to the most recent For-Hire Trucking Index from ACT Research Co.
“For an eighth consecutive month, the fleet capacity index has risen faster than the freight index,” said Kenny Vieth, ACT’s president and senior analyst. “In fact, in the past year, only once has the reverse been true. In addition to overcapacity relative to current freight activity, a widespread inventory overhang is compounding the problem,” he said.
Truck fleets in the survey also noted that freight continues to be soft, without the usual April uptick.