Trucking Industry Growth Will Moderate
Trucking industry growth is on the minds of many analysts. ACT Research is sticking with its forecast for moderate economic growth this year, having determined that the recent softening in truck orders does not reflect a wider economic trend.
The research firm has just reported that it continues to believe that U.S. economic activity in 2012 will expand at a moderate pace of 2.2% with slow employment growth acting as a brake on more robust growth¦. The March and April softening in Class 8 truck orders to ˜below expectations’ was insufficient to cause the existing ACT build and sales forecasts to be lowered.