SOUTHFIELD - IHS Markit (Nasdaq: INFO) has partnered with the National Truck Equipment Association (NTEA) to share expanded insights on the commercial vehicle market with NTEA members through a new solution launching during the Work Truck Show in Indianapolis March 5-8, 2019.
The solution, WorkTruckCert, uses VIN decoding software from IHS Markit to enable end-users to more easily complete upfit certification labels. Future enhancements will provide users with supplemental data elements about fleet composition from the IHS Markit TIPNet solution.
Through this partnership, IHS Markit data subscribers will be able to access previously unavailable detailed information on upfitting of more than one million straight and box trucks across the GVW 1-8 market segments, including bodystyle and vocational use. This level of insight will enhance the current TIPNet solution offered by IHS Markit and allow commercial vehicle data customers access to select detail on these key attributes to help them with business planning and strategy decisions.
“We’re pleased to partner with NTEA on this unique initiative for WorkTruckCert,” said Dawn Brusseau, associate director, commercial vehicle solutions at IHS Markit. “Our arrangement with NTEA will offer one of the industry’s most comprehensive views of the market across all truck classes and types, enabling better decision making.”
The medium-duty commercial vehicle market continues to expand with steady year-over-year growth. In 2018, the market grew by 17,000 new registrations of class 6 and 7 trucks. The growth in the medium duty market segment is linked to the growing regional distribution and expansion of e-commerce. Other factors include driver shortage as fleets and trucking companies experience difficulties hiring CDL-holding drivers to operate the biggest trucks.
“Through our partnership with NTEA and the bodybuilder community we are able to expand our data performance capabilities and provide a comprehensive look at the commercial vehicle equipment enhancements and trends in medium duty vehicle modifications,” Brusseau said.
IHS Markit Demonstrations and Presentations at NTEA
IHS Markit will demonstrate its commercial vehicle solutions suite and the WorkTruckCert solution during the upcoming NTEA Work Truck Show in Indianapolis, March 5-8, 2019. Experts will be on hand for product demonstrations and discussions. IHS Markit demonstrations will take place in the NTEA booth, #3400 on March 6 and 7 during show hours. Pre-scheduled demonstrations are also available and can be arranged. In addition, Andrej Divis, director of MHCV forecasting at IHS Markit, will present a Work Truck Industry Overview and Outlook on March 5 from 1:30–2:45 p.m. as part of the conference educational program.
