Steve Tam, ACT’s Vice President-Commercial Vehicle Sector, noted that the balance between supply and demand is still at the mercy of the widespread macro-inventory overhang. “This is only the second time in 10 months that freight volumes showed any meaningful increase. Time will tell whether this is the beginning of a trend or a temporary or transient anomaly.”

ACT publishes commercial vehicle (CV) 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