Fast Lane: MS Survey Shows Constructive Outlook for NA Class 8 Truck Purchases, ARCB Simplifies Brand Structure, & KNX Opens 4 New Terminals

Research evidence excerpt

Fast Lane: MS Survey Shows Constructive Outlook for NA Class 8 Truck Purchases, ARCB Simplifies Brand Structure, & KNX Opens 4 New Terminals

Update

July 20, 2026 04:01 AM GMT

Morgan Stanley & Co. LLCMFreight Transportation | North America Ravi Shanker

Equity Analyst

Fast Lane: MS Survey Shows Ravi.Shanker@morganstanley.comNancy Hipp +1 212 761-6350

Research Associate

Nancy.Hipp@morganstanley.com +1 212 761-1311

Constructive Outlook for NA Madison J Pasterchick

Madison.Pasterchick@morganstanley.com +1 212 761-3787

Class 8 Truck Purchases, ARCB

Freight Transportation

North America

Industry View In-LineSimplifies Brand Structure, &

KNX Opens 4 New Terminals Pleasepublishedsee lastlinksweek:below to other research we

State of the Global Transports Union (16 July

Our survey shows a constructive outlook for new equipment 2026)

orders, driven predominately by replacement demand. Also, last J.B. Hunt: The Upcycle Begins (16 July 2026)

AlphaWise Parcel Flight Tracker June 2026 (15

week, ARCB announces a brand simplification and KNX expands

July 2026)

its network by opening 4 new terminals.

Truck Stop/TLFI: Reaching an Elevated

We surveyed 58 Carriers and Shippers to assess current purchasing intentions Equilibrium (15 July 2026)

and capital spending plans for the North American Class 8 truck market. The

results point to a constructive but not overly optimistic outlook, with replacement

demand continuing to serve as the primary support for new equipment orders

rather than the emergence of a broad investment cycle. Most respondents (55%)

expect fleet spending to remain stable or modestly higher, with very limited

expectations for widespread capex reductions. 54% of respondents noted

replacement of aging or end-of-life equipment remains the dominant driver of