Commercial Truck Production Remains 'Constrained'
Supply chain constraints are hurting the North American trucking industry's ability to align vehicle production levels with demand, according to ACT Research.
"As a result, backlogs remain long and order volumes remain constrained. Until build rates" for commercial trucks "find additional traction, orders will largely mirror production levels."
Class 8 truck builds recently fell 8% below industry projections, according to ACT officials.
"Order activity deteriorated in April - down from its heretofore generally sideways movement."
ACT Research points to the Russia-Ukraine war and inflation as other factors that are impacting North American truck production.