The supply of Class 8 trucks continues to rise faster than demand for trucks, according to the most recent ACT For-Hire Trucking Index from ACT Research Co., LLC (ACT).

“For an eighth consecutive month the fleet capacity index has risen faster than the freight index,” said Kenny Vieth, ACT’s President and Sr. Analyst. “In fact, in the past year, only once has the reverse been true. In addition to overcapacity relative to current freight activity, a widespread inventory overhang is compounding the problem,” he said. Fleets in the survey also noted that freight continues to be soft, without the usual April uptick.

ACT is the worldwide leading publisher of new and used 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. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community in North America, Europe and China.