TEN and ACT Research Launch First Episode in Fireside Chat Series

At TEN (Transportation Equipment Network), we are thrilled to announce our recent collaboration with ACT Research, a partnership that underscores our commitment to leveraging industry-leading data and insights to enhance the services we provide.

We recently engaged in a fireside chat with ACT Research, featuring TEN’s Corey Eisen, Vice President of TEN Cool, and Jennifer McNealy, Director of CV Research Analysis & Publications at ACT. This engaging discussion provided valuable perspectives on current market dynamics and future trends, reinforcing our commitment to informed decision-making and customer-centered solutions.

The conversation highlighted emerging trends in equipment demand, insights into economic indicators and their potential impact as well as the importance of data-driven decision making.

The commercial trailer market in 2024 experienced a mix of stability and transformation. External factors such as economic uncertainty, rising costs, and trade policies shaped the industry’s trajectory. Here are the key takeaways from our latest video: https://www.youtube.com/watch?v=q98-Lx1OGvc

1. Stability in the Trailer Market with Growth in Refrigerated Equipment

· While the overall trailer market remained stable in 2024, demand for new trailers was softer, especially for dry van trailers.

· Change to Demand for new trailers was soft in 2024, and the dry van segment was particularly hard hit

2. Key Challenges Influencing Trailer Demand

Several factors influenced trailer purchasing decisions in 2024, including:

· Freight Market Conditions: Spot and contract rates played a role in shaping fleet investment strategies.

· Economic Pressures: Higher interest rates and inflation increased the cost of capital, making leasing a more attractive option.

· Rising Maintenance Costs: Many fleets turned to full-service leasing as a way to manage maintenance expenses and improve cost visibility.

· Supply Chain Constraints: Lead times for specialized and multi-temp refrigerated trailers remained extended, adding further complexity to fleet planning.

3. Tariffs and Market Uncertainty

· The announcement of new U.S. tariffs on Mexico, Canada, and China introduced additional concerns for fleet operators and trailer buyers. While the full impact is still unfolding, companies are closely monitoring cost implications and potential retaliatory actions.

· Additionally, natural disasters and geopolitical events continue to create volatility in supply chains, influencing equipment availability and fleet management strategies.

By integrating ACT Research’s data-driven insights with our own extensive industry experience, we can anticipate market shifts and proactively address the evolving demands of the transportation sector.

We are excited to continue the conversation with monthly ACT and TEN Fireside Chats, including special guests and more – stay tuned for more to come!