The ACT Research team will provide the N.A. Commercial Vehicle & Transportation Industries Outlook for 2025-2028. In addition, we will be hosting industry expert guests to discuss the current and future health of the industry to support your planning and budgeting.
Coming Soon
Coming Soon
Tim Denoyer is Vice President and Senior Analyst at ACT Research, where he leads the firm’s transportation research initiatives and serves as the principal author of the ACT Freight Forecast: U.S. Rate and Volume Outlook. This comprehensive report offers supply chain professionals critical insights into pricing and volume trends across truckload, less-than-truckload, and intermodal markets—sectors that form the backbone of the $800 billion U.S. freight transportation industry.
Denoyer joined ACT Research in August 2017, bringing with him 15 years of experience in equity research, with a focus on the transportation, machinery, and automotive industries. He was a co-founder of Wolfe Research, a prominent equity research firm, where he earned recognition as a Rising Star analyst in both the machinery and auto sectors by Institutional Investor. His investment background also includes tenure at Balyasny Asset Management, where he covered the industrial sector of the equity market.
At ACT Research, Denoyer applies his investment expertise to analyze commercial vehicle demand and the development of alternative powertrains, including electrification. His work provides valuable foresight into the dynamics of freight rates, volumes, and transportation trends. Denoyer is also a sought-after speaker, having presented at industry events hosted by organizations such as the Intermodal Association of North America (IANA), the Council of Supply Chain Management Professionals (CSCMP), the National Association of Truck Stop Operators (NATSO), and the Truckload Carriers Association (TCA).
Denoyer holds a Bachelor of Business Administration in Economics and Finance from James Madison University.
After graduating from Wabash College in 2006, Ian spent 8 years in the fitness industry as the head trainer at a Columbus-area fitness center. He then transitioned to a digital marketing agency where he spent 4 years as the Director of Digital Marketing Sales.
In this role, Ian leverages years of experience in marketing, business development and technology to provide high-level strategic growth and lead new initiatives.
Ian is married and has two daughters who, fortunately, take after their mother.
Jennifer currently serves as ACT’s Director, Research Analysis and Publications. In this role, she leads ACT’s current market trailer analysis efforts, including data processing and regular conversations with OEMs, suppliers, lease/rental fleets, and dealers. Additionally, she leads ACT’s Mexican trailer industry team’s efforts and headed production of the recently published Mexican Trailer Report. McNealy also coordinates monthly and quarterly publication production and distribution, serves as backup media liaison, and researches/analyzes the Canadian macroeconomic landscape and natural gas fueling stations in the US.
She joined ACT Research in September 2011, and has served in numerous roles, including Office Manager, Research Analyst, Senior Research Manager and Analyst, and Director of CV Market Research.
Getting an advanced degree was always a goal for her, and in 2000 Jennifer earned her MSM from Indiana Wesleyan University, taking evening classes to make this dream a reality. After receiving her BA from Hanover College in Communication and History, Jennifer began an eight-year career in the travel and tourism industry. Additionally, she spent 13 years as a member of the local and regional media industry, where she worked in both print and radio formats, serving as a radio broadcaster, community/local government news reporter, and special programming producer. After serving in various roles, including new technology graphic designer and pre-press technician, she concluded her work in print media as Graphic Design Department Manager for a regional Indiana newspaper.
McNealy’s community efforts have included past board and officer positions for the local historical society, fall festival, and arts & cultural council in her hometown. Her current community development efforts center on sustainable and socially responsible agriculture, as well as quality of life placemaking.
Jim joined ACT in June 2014. He is well known in the commercial vehicle industry and the broader transportation community for his analytics, his insights, and imaginative, yet down-to-earth management presentations.
Jim previously was Vice President and Chief Economist with Eaton, a position he held since 1996. He retired from Eaton after a 29-year career there, serving various roles in planning, treasury, and economics functions. Prior to joining Eaton, Jim had held consulting and management positions with Chase Econometrics and with Burroughs Corporation.
Jim holds an MBA in finance and a BA (honors) in economics from the University of Chicago. He has served on the Board of Directors of the National Association for Business Economics and has won recognition from both the Wall Street Journal and USA Today for top economic outlook from their respective panels of 50 economics forecasters.
Coming Soon
Ann Rundle’s career has been focused in the transportation industries, since her early years as an engineer in the marine industry. Rundle transitioned to Strategic Planning and Business Development roles in Automotive and Commercial Vehicles after completing her MBA. Ann was with Eaton Corporation for 20-years, with senior leadership roles as Director of Business Development for the Automotive group, and Global Customer Sales Director for General Motors and FIAT group (including IVECO, CNH & Ferrari). Rundle left Eaton to join a small R&D start-up focused on advanced Li-ion battery technologies, and from there transitioned into independent consulting projects focused on developing growth strategies for new technologies, primarily in industrial and commercial vehicle markets. Most recently, Ann was with FIAT-Chrysler Automobiles (FCA) and headed up their global Strategy & Planning for electrified vehicles, including hybrids, plug-in hybrids, battery electric, and fuel cell vehicles for both automotive and commercial vehicle applications.
Rundle holds a BSE in Naval Architecture & Marine Engineering from University of Michigan and an MBA from San Diego State University. Ann is a Director/Trustee of the Chicago Yacht Club Foundation and leads their After-school Education programs and the Grants & Scholarships committee.
As Vice President at ACT Research, Steve Tam is one of two principal commercial vehicle market analysts. Since being promoted to his current position in October 2008, he was appointed to the Board of Directors and became a Managing Member of ACT Research in September 2016. He also leads the used truck market efforts for ACT. Other responsibilities include project and database management; and collection, analysis, and reporting of specialty data series. In addition to being frequently sought after as a guest speaker at industry events and giving presentations to private companies, you will often see him quoted in industry publications, newspapers and business periodicals.
A graduate of Indiana University, Steve has also served in the military and spent time in various accounting positions at two Fortune 500 companies before joining ACT Research in 2000. He has been involved in the commercial vehicle industry since 1993 and has been vital to the growth of ACT Research over the years.
David Teolis, joined ACT Research in the position of Chief Economist in October 2023 following a 28-year career with General Motors as Deputy Chief Economist, International Markets, FX & Commodities.
In his most recent role, he was responsible for providing economic analyses, forecasting long-term new vehicle sales, and conducting special studies for the economies of South America, Africa, Middle East, Europe, and the Asia-Pacific region. David was also responsible for managing the company’s foreign exchange rate forecast process and writing monthly and quarterly reports. Prior to this role, David served for five years as the Manager of European Economic and Industry Forecasting located at the Adam Opel Headquarters in Rüsselsheim, Germany. He joined General Motors in 1995 as an economist with primary responsibility for economic and industry forecasting for Mexico, and subsequently worked in several finance positions within the company before returning to the economics staff as the Senior Economist for North America.
Prior to joining General Motors, David was the recipient of the Herman Kahn Fellowship in International Political Economy from the Hudson Institute where he worked on issues related to NAFTA and telecommunications deregulation. He is a two-time recipient of the Best Overall Economic Forecast Award from the Federal Reserve Bank of Chicago.
David graduated with a B.A. in economics, with distinction, and an M.S. in finance from the University of Illinois. He earned his Ph.D. in economics from Indiana University.
He is past-President of the Detroit Association for Business Economics and previously served on the Board of Directors for Global Ties Detroit and the German-American Chamber of Commerce of the Midwest - Michigan Chapter. He is a member of the National Association for Business Economics, the International Institute of Forecasters, and the American Economic Association.
Coming Soon
Kenny Vieth is the President and Senior Analyst at ACT Research, a leading authority in commercial vehicle industry data, market analysis, and forecasting services for the North American market. Joining ACT Research in 1991, Vieth became a partner in 2000 and ascended to the role of President in 2010. He oversees commercial vehicle analysis and forecasting, serving as the principal heavy-vehicle market analyst. His insights are sought after by original equipment manufacturers (OEMs), suppliers, Wall Street analysts, and the Federal Reserve, to which he frequently contributes to the Beige Book report.
Vieth is a recognized thought leader in the transportation industry, known for his expertise on Class 8 trucks, trailers, and economic trends. He is a frequent keynote speaker at industry events, including the National Private Truck Council's Annual Conference and Private Fleet Management Institute, where he has earned top ratings and enthusiastic praise from audiences. In 2012, he was named the consulting economist to the National Private Truck Council.
Under Vieth's leadership, ACT Research has received accolades such as the Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast and recognition as a top economic forecaster by USA Today. The firm is also a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel.
Vieth holds a degree from Southern Illinois University and began his career in city government and education before transitioning to the transportation industry.
Lydia joined ACT in June 2021 as a Research Analyst, focusing on electrification and autonomy.
Prior to joining ACT, she spent time as a paralegal before working at an energy management SaaS company. Her graduate school research focused on energy policy and battery arbitrage opportunity in the midwest power markets.
Lydia holds a B.A. in Political Science and M.S. in Global Affairs with a concentration on energy and environmental policy from New York University. She lives in Brooklyn, NY.
Carter joined ACT Research in February 2020 as a research associate, focusing on the financial and freight of the industry.
He received his B.A. from Indiana University in East Asian Languages & Cultures with an emphasis on Chinese history and language. During college, Carter studied abroad twice in China and when not eating hot pot, he taught English to Chinese students. He is also a member of the National Society of Leadership and Success.