Outlook and Benchmarking

Outlook and Benchmarking
Labor shortage beginning to weaken industry growth potential
Labor remains the largest barrier to growth for commercial vehicle parts sales, but also the industry’s strongest data point against a recession, HDMA and MacKay & Company reported Wednesday during an industry webinar.
September 29, 2022
Bunch of trucks in a row on the highway
Freight demand
Analysts expect softening in freight market in months ahead
Despite rising truck tonnage month over month, analysis of truck freight conditions were muted in August and multiple industry experts are now predicting truck freight and carrier conditions will continue to weaken into 2023.
September 26, 2022
Trucks through mirror.
Outlook and Benchmarking
Impossible task: ATA says 460,000 trucks needed to offset effect of potential rail strike
The trucking industry is freight rail’s largest customer and delivers the last mile of virtually every product transported by rail.
September 9, 2022
Truck passing over a train
Outlook and Benchmarking
Inflation Reduction Act likely to influence trucking more than inflation
Freight transportation moves 70% of goods to market in the U.S., and the IRA places $40,000 in tax credits in front of the buyers of medium- and heavy-duty zero-emissions vehicles.
September 8, 2022
electric vehicle chargers
Outlook and Benchmarking
Trucking uncertainty caused, in part, by recession anomalies
HDMA findings indicate rising economic uncertainty is changing supplier planning, yet there's no consensus on the potential impact on the cv supplier market.
August 25, 2022
Pie chart of HDMA supplier concerns.
Outlook and Benchmarking
NTEA manufacturers' survey shows 16 percent in equipment shipments in 2021
NTEA’s newly released Annual Manufacturers’ Shipments Survey (AMSS) report indicates the 2021 bounce out of the 2020 recession led to a truck equipment industry increase of 16.2 percent in terms of dollar value shipped, after –15.8 percent growth in 2020.
August 24, 2022
NTEA AMSS Report
Outlook and Benchmarking
ACT shifts forecast, sees factors to mitigate severe downturn
ACT Research last month shifted forecasts last month to incorporate an inbound recession, and this month’s forecast changes were mostly characterized by smaller adjustments, both higher and lower, as the shape of their downturn forecasts were fine-tuned.
August 11, 2022
New Freightliner on a highway
Outlook and Benchmarking
Meritor reports $1.21 billion in Q3 sales
Meritor has posted sales of $1.21 billion for its third fiscal quarter, up $196 million, or approximately 19 percent, from the same period last year.
August 3, 2022
Meritor company logo
Outlook and Benchmarking
Dana reports Q2 net income of $8 million
Dana has announced financial results for the second quarter of 2022, which includes sales totaling $2.59 billion, compared with $2.21 billion in the same period of 2021.
August 3, 2022
Dana Inc. logo
Outlook and Benchmarking
Rush Enterprises reports $110.2 million net income in Q2
Rush Enterprises Inc. announced it achieved revenues of nearly $1.8 billion and net income of $110.2 million, for the quarter ended June 30, 2022.
August 1, 2022
Rush Truck Center with trucks in front
Outlook and Benchmarking
TopMark Funding has fifth consecutive record quarter
TopMark Funding continued to see momentum and growth with another record-breaking quarter that included a 30 percent increase in amount funded from the year’s first quarter.
July 29, 2022
TopMark Funding building
Outlook and Benchmarking
Record quarterly sales for Paccar Parts bolster's company's Q2 earning report
Paccar reported Tuesday an earned net income of $720.4 million in the second quarter, a 45 percent increase over the same period last year. Paccar Parts also reported record quarterly sales.
July 26, 2022
Red Peterbilt Model 579 on the highway
Indicators
ACT Research adds mild recession into base forecasts
ACT Research announced this week it has updated its GDP forecast to account for a potential mild recession, but still believes there is enough pent-up demand, and built-up purchasing power among consumers, albeit mitigated by inflation, to support growth.
July 14, 2022
Numbers illustration showing a chart going up and down
Indicators
Recession trending closer to likely reality, ACT reports
“Some have called the current period of turbulence, unprecedented, and there is a growing consensus around the notion that we promote here: A slowdown is coming. We don’t know if it will be shallower or deeper.”
June 30, 2022
Truck on highway driving toward setting sun
Indicators
Class 8 tractor dashboard slips again as business conditions evolve
The top line on ACT Research's Class 8 Tractor Dashboard dropped again in April, the company announced Tuesday.
June 28, 2022
Tractor dashboard chart from ACT Research
Workforce
CVSN honors late industry titan; announces winners of GenNext's 4 Under 40 Awards
A number of aftermarket professionals were recognized for their commitment to the industry Monday during the opening general session of the Commercial Vehicle Solutions Network (CVSN) Aftermarket Summit.
June 6, 2022
John Bzeta's family
Outlook and Benchmarking
New report evaluates e-commerce potential for parts sales
Research And Markets have released a new report addressing e-retailing growth opportunities for parts sellers in the North American medium- and heavy-duty commercial vehicle aftermarket.
June 1, 2022
Internet search results image
Outlook and Benchmarking
Inflation shakes supplier confidence in outlook for remainder of 2022
Suppliers are feeling overall uncertainty regarding what they view as the greatest challenges in 2022, according to the Heavy Duty Manufacturers Association's Pulse Webinar.
May 26, 2022
Richard Anderson, senior director, Research & Analysis, HDMA; and Eric Starks, CEO and chairman, FTR
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Rihm Kenworth
Successful Dealer Award
Rihm Kenworth wins 2022 Successful Dealer Award
Rihm Kenworth has won the 2022 Successful Dealer Award. The announcement was made Tuesday during a special awards banquet in Nashville, Tenn., to celebrate the 10-year anniversary of the award program.
Bunch of trucks in a row on the highway
Outlook and Benchmarking
Labor shortage beginning to weaken industry growth potential
Doggett Freightliner store counter
Successful Dealer Award
2022 Successful Dealer Award finalist Doggett Freightliner
Trucks through mirror.
Freight demand
Analysts expect softening in freight market in months ahead
Rihm Kenworth store front
Successful Dealer Award
2022 Successful Dealer Award finalist Rihm Kenworth
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