Unlocking the Potential of Class 8 Data
Class 8 tractors play a pivotal role in moving America’s freight. Across the nation, they dominate on-highway transportation, carrying the bulk of goods from one point to another. Yet, for those involved in shipping or managing freight logistics, there’s often a critical gap in the information needed to effectively plan and strategize. Most rely on traditional demand indicators such as the Cass Freight Index®, DAT, Truckstop, FreightWaves, port activity, rail activity, and intermodal activity. While these tools offer valuable insights, they primarily reflect past trends rather than future possibilities.
What’s missing from the picture? A deeper understanding of the supply side—the total number of Class 8 tractors available and how that might evolve over time. Without knowing how equipment availability will change, it’s difficult to predict where freight rates are heading. To truly anticipate shifts in the market, you need a comprehensive view of both supply and demand.
The Power of Actionable Intelligence
1. Data-Driven Decisions
Since 1986, ACT Research has been collecting detailed monthly production data directly from North American truck manufacturers for Classes 5-8 trucks. This gives us an unparalleled perspective into the size and health of the U.S. fleet. By tracking Class 8 tractor builds and sales, we can accurately gauge the capacity of the on-highway trucking market.
Think about it: Are there enough trucks to meet current demand? Will there be too many or too few in the near future? These are the kinds of questions that shippers, carriers, and brokers face every day. By combining our Class 8 tractor population data with industry benchmarks like Cass and DAT, businesses can make smarter decisions about capacity planning, rate negotiations, and overall logistics strategy.
2. Strategic Forecasting
Beyond just reporting historical data, ACT Research provides forward-looking insights. Our forecasts span a 1-5 year horizon, allowing businesses to anticipate changes in the market well ahead of time. Whether you’re looking to prepare for the next two quarters or the next two years, our projections give you the foresight you need to stay ahead of the curve.
As the go-to forecasting authority for major players in the commercial vehicle industry, ACT Research consistently earns recognition for its accuracy. We’ve been honored with prestigious awards like the 2019 Lawrence R. Klein Blue Chip Award for Forecast Accuracy (2015-2018), The Wall Street Journal Top Economic Outlook, and USA Today’s Top 10 Economic Forecasters. Our quarterly outlooks on Class 8 tractor sales empower companies to tackle challenges like contract negotiations, capital budgeting, risk management, and transportation planning with confidence.
3. Broader Insights for Broader Success
At ACT Research, we don’t stop at forecasting Class 8 tractor sales. We dive deeper to uncover connections between equipment supply and other key metrics in the freight ecosystem. For instance, in collaboration with Cass Information Systems, we co-developed the Cass Truckload Linehaul Index®, which tracks fluctuations in linehaul rates. This index, along with others we track, provides a holistic view of the transportation landscape.
Here’s what else ACT Research forecasts:
- Cass Shipments Index Forecasts
- Cass Truckload Linehaul Index® Forecasts
- DAT Dry Van Spot Rate Forecasts
- DAT Refrigerated Spot Rate Forecasts
- DAT Flatbed Spot Rate Forecasts
- LTL Tonnage and Yield Forecasts
- Intermodal Load and Rate Forecasts
- US Economic Forecasts
By integrating these diverse datasets, ACT Research offers a complete toolkit for businesses seeking to navigate the complexities of the freight market. Whether you’re a shipper, carrier, broker, or economic analyst, our insights ensure you’re never caught off guard. After all, the future belongs to those who see it coming—and ACT Research helps you do just that.
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