Weak freight demand and a struggling for-hire carrier market have both lasted for years. New trade and regulatory uncertainties further complicated the trucking environment.
Truck buyers are in a dark place—what does it mean for truck makers?
In this video interview, Carter Vieth, a research analyst with ACT Research, breaks down the current heavy-duty market.
The downward pressure on Class 8 truck demand has pushed OEMs to cut production. OEMs are reducing tractor production 25% in Q3 this year. Despite the shrink in operations, ACT Research still forecasts overall Class 8 production to be slightly above replacement demand this year.
Editor Jeremy Wolfe joined the FleetOwner team in February 2024. He graduated from the University of Wisconsin-Stevens Point with majors in English and Philosophy. He previously served as Editor for Endeavor Business Media's Water Group publications.
