The lingering shortage of semiconductors, the spread of the delta variant of COVID and constrained supplies of other components led ACT Research to dramatically reduce its projection for heavy-duty truck production on Friday.
The Columbus, Indiana-based business management consultancy lowered its Class 8 truck production forecast from 308,000 to 265,000 with “additional downside risk,” Kenny Vieth, ACT president and senior analyst, told FreightWaves.
“For North America heavy trucks, the result...
https://www.freightwaves.com/news/a-major-forecast-haircut-in-a-period-of-ripping-demand