The latest release of ACT’s For-Hire Trucking Index showed that the modest improvements in the past few months continued in November. The pricing index inched forward to its highest reported number in the past twelve months, with a reading of 55.1. “The improvement in pricing reflects generally better economic reports the past few months, to include freight related variables tracked by ACT," said Kenny Vieth, President and Senior Analyst at ACT Research. Twenty-three percent of respondents reported modest gains in pricing, with 67% seeing no change in revenue per mile.

For the sixth time in the past seven months, the freight index rose faster than the capacity index. While the changes remain small, the data suggest that the process of rebalancing capacity with freight continues to move in the right direction.

ACT is the 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.