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"The capacity index [supply] rose faster than the freight index [demand] for the third consecutive month and the tenth time in the past 12 months in November," said Kenny Vieth, ACT's president and senior analyst. "We have to go back to the second half of 2012 to find a comparable period of imbalance – a period marked by anemic economic growth and strong U.S. Class 8 retail sales." Vieth said that with strong Class 8 sales expected into the end of the year, and no apparent catalyst to trigger stronger economic growth, capacity additions are expected to remain ahead of freight creation at least into the end of 2015.
ACT is a global publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.
Source: ACT Research
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