ACT is a Contributor to Blue Chip Economic Indicators and a Member of WSJ Economic Forecast Panel

Seminar 59

NA COMMERCIAL VEHICLE & TRANSPORTATION INDUSTRIES OUTLOOK: 2018-2023 August 20-22, 2018 The Commons, Columbus, IN

EMISSIONS & TECHNOLOGY: HOW ARE SOCIETY & THE BOTTOM LINE DRIVING CV CHANGE?

ACT Research Co., LLC, 4440 Middle Road, Columbus, IN 47203 Phone: 812-379-2085, Fax: 812-378-5997; e-mail: trucks@actresearch.net; www.actresearch.net

Monday, August 20, 2018 | Registration at Hotel Indigo | 2:00pm – 9:00pm A Receive seminar materials | Have a snack | Network

Discussion Dinners: Meet in the Hotel Indigo lobby 30 minutes prior to dinner start time m

1 The Barn 6:30 p.m. HD Class 8 Trucks & Tractors

Freight Rates & Volume Forecasting

Kenny Vieth Tim Denoyer

2 Taku Japanese Steak House 6:15 p.m. N.A. MD Classes 4-7 & Used Trucks Steve Tam

3 Luciana's Mexican Restaurant 6:30 p.m. Trailer Industry Frank Maly

4 Tre Bicchieri 6:00 p.m. US/NA Economies, China & Trade Talk Sam Kahan Bob Perkins

Jennifer McNealy

5 Camila’s Mexican Restaurant 6:15 p.m. Electrification & Battery Talk Funmi Ige-Wright

Jim Meil

6 Joe Willy’s Burger Bar 6:45 p.m. Networking: Lets Get Acquainted Debby Steinbarger

Brian Armstrong

7 Johnny Carino’s 6:30 p.m. Update on Engine Trends and Forecast Tom Rhein & Mike Eaves

(Rhein Associates) Ken Vieth

BY INVITATION ONLY FOR CHARTER SUBSCRIBERS CV Electrification Study Working Session

12:00—4:00 p.m. | ACT Research Lodge | Lunch Included

Tuesday, August 21, 2018

Register at The Commons beginning at 6:30 a.m. Continental breakfast provided

7:45 – 8:00 a.m. Welcome to ACT Research’s 59th Seminar Opening Comments

●Ken Vieth Senior Partner & General Manager ACT Research

8:00 – 9:30 a.m.

Economic Panel: Short to Long Term, Where Is the Economy Headed? Tax cuts have provided a new tailwind to an already strong economy, but the cost of capital and inflation are rising, global trade tensions are the highest in a generation, while politics grow ever-more contentious. Are these factors that lead to a fail-ing economy in the next year or two, a world united or divided? Moderator – Tim Denoyer, ACT Research

●Sam Kahan Chief Economist ACT Research Retired-Fed Reserve Bank Chicago ●Bryan Bezold Senior Americas Economist Ford Motor Company ●Jim Meil Principal, Industry Analysis ACT Research

9:30 – 9:45 a.m. Refreshment Break Refreshment Break

9:45 – 10:15 a.m. Freight Forecast: Where are trucking volumes and rates heading, what impact is eCommerce having and how does it tie into electric vehicles?

●Tim Denoyer Vice President & Sr. Analyst ACT Research

10:15 – 11:15 a.m. Class 8 Review & Forecast Healthy economic activity coupled with a driver constrained market have boosted the environment for trucker profitability to unprecedented levels. Truckers are ordering equipment at nearly unprecedented levels, the backlog is overflowing, and build rates are rising. We know current conditions are not sustainable. What are the factors that we should be watching to anticipate the next downturn?

●Kenny Vieth President & Sr. Analyst ACT Research

11:15 – 12:00 p.m. An OEM’s perspective of the current state, recent developments and future of the heavy duty commercial vehicle space.

●Bruce Kurtt Sr. Vice President Sales US/Canada Volvo Trucks of North America

12:00 – 1:15 p.m. Lunch

1:15 – 2:30 p.m. Buses Are Electrifying EVs are being discussed for a variety of CV uses, but first adop-tion is coming from bus applications. Why choose EV? What are the challenges and the opportunities? Where does a bus fleet start and what can be learned from previous experiences? How does the future look for EV bus adoption amid constantly chang-ing technology? Moderator – Drew Laing, Senior Advisor-Alternative Fuels, ACT Research

●Alan Westenskow Director of Business Development Proterra Electric Buses ●Blake Fonnesbeck Transit and Public Works Director Park City (UT) Municipal Corp.

Next seminar: March 18-20, 2019 Mark Your Calendars Now!

Tuesday, August 21, 2018

2:30 – 3:00 p.m. Rail’s Perspective on Transportation Market Intermodal, rail, warehousing, and trucking: Where do they all fit and what’s new?

●Ron Sucik Senior Intermodal Advisor ACT Research

3:00 – 3:30 p.m. Refreshments

3:30 – 5:00 p.m. At The Commons N.A. Medium Duty Vehicle Market

What’s all the hullabaloo? We will review the current market and forecasts, as well as endeavor to answer the question of why the medium duty market is so stable compared to its big brother.

OEM Viewpoint ●Shaun Skinner President Isuzu Commercial Truck of America, Inc.

N.A. Market & Forecasts ●Steve Tam Vice President ACT Research

3:30 – 5:00 p.m. At Yes Cinema U.S. Trailer Market

OEMs are approaching all-time record production volume, and backlogs stretch toward 2019. Will fleets continue to invest at a breakneck pace? Hear OEM and supplier viewpoints on the cur-rent market and their thoughts on the industry outlook.

Supplier Viewpoint ●Walter Frankiewicz President, North America Haldex Brake Products Corporation OEM Viewpoint ●Brett Olsen Marketing Manager Utility Trailer Manufacturing Co. U.S. Market & Forecasts ●Frank Maly Director of CV Transportation & Analysis ACT Research

6:00 – 9:00 p.m. Dinner at ACT’s “Lodge”

ACT’s dinner is always a highlight of the seminar, with savory food, good music, and lots of opportunities to network.

Ken Vieth began this tradition at his farm 30 years ago. Over the years we’ve enjoyed Hoosier Hospitality at the “Farm,” at Kenny

Vieth’s “Barn,” and at ACT’s “Garage.” Dinner is now being served at ACT’s newest office location, “The Lodge,” at 4440 Middle

Road (one block east of the previous ACT offices). Come for a homemade dinner, a variety refreshments and music provided by Dan

and Linda Mustard. Angus steaks, Indiana pork ribs, shrimp, international cheeses, and many specialty foods will be served.

Bus Departures from Indigo: 5:30, 6:00 and 6:30 p.m.

Bus Returns to Indigo: 8:15, 8:45, and 9:15 p.m.

Directions will be provided for those wishing to drive.

Wednesday, August 22, 2018

Register at The Commons beginning at 6:30 a.m. Continental breakfast provided

7:55 – 8:00 a.m. Opening Remarks ●Ken Vieth

8:00 – 8:30 a.m. Used Trucks Review & Geographic Analysis Along with a review of current market activity, we will consider how and when strong new truck sales are likely to impact the used truck market.

●Steve Tam Vice President ACT Research

8:30 – 8:45 a.m. Economic & Equipment Survey Results Where do ACT subscribers and seminar attendees see the industry and the economy heading in the next two years? How does that com-pare to ACT’s expectations? What are industry forecasters anticipat-ing? Seminar survey results will be revealed.

●Jennifer McNealy Sr. Research Manager ACT Research

8:45 – 10:15 a.m. Dealer Panel: Dealers & Their Customers How are dealers keeping up with the rapidly changing world of technology, from products to service, in communications and connectivity, and from tried-and-true fuels to alternative sources of power?

Moderator – Steve Tam, ACT Research

●Paul Pankey Regional General Manager Rush Truck Center-Columbus, OH ●Jodie Teuton Vice President Kenworth of Louisiana ●Bart Middleton Chief Executive Officer Grammer Industries ●SPEAKER Invited

10:15 – 10:30 a.m. Refreshments & Check Out

10:30 a.m. – Noon Power: Is zero emissions the name of the game? Media coverage of the commercial vehicle business has been dominat-ed in the last year by stories about coming wave of electrification, zero-emission vehicles, alternative fuel and power, and the end of the era for ICE/diesel as we have known it for 100 years. But does the reality match the hype? Or is this more fake news? Our panel hopes to pierce though the fog, and give insights into what to realistically expect and get excited about as power technology faces evolution, and perhaps revolution. Moderator – Jim Meil, ACT Research

●Allen Schaeffer Executive Director Diesel Technology Forum ●Rob Hedges Director of Fleet & Facility EF Transit/Monarch Beverage ●Julie Furber Executive Director, Electrified Power Cummins Inc. ●SPEAKER Invited

12:00 – 12:15 p.m. Wrap-up Discussion ●ACT Research Staff

12:30 p.m. Lunch will be served at Zaharako’s Ice Cream Parlor, across the street from the Commons