Gross Domestic Product rose slightly in the second period, according to new numbers from the U.S Commerce Department, but dropped steeply from the growth rate earlier in the year.
The news lent strength to analysts’ views that the country may be tipping into recession.
This morning the agency reported that the economy expanded at an annual rate of 0.3% from April to June, up from 0.2% as reported earlier. This is a sharp slowdown from the 1.3% increase in the first period and is the weakest performance in eight years.
Many analysts believe this news may signal the end of the longest economic expansion since the country emerged from the 1990-1991 recession.
While there is a buzz of an impending recession, if it hasn’t arrived already, the talk is at least being tempered by hopes that the slowdown will short-lived. According to some analysts, things will pick up early next year – with possible help from the Federal Reserve on interest rates.
The Fed is expected to cut rates when they meet again on Tuesday.
Newport Communications Senior Economist Jim Haughey agrees with this assessment.
“The events of September 11th have pushed back any recovery about six months” he says. “Once third quarter GDP numbers come out we’ll most likely see slightly negative numbers.”
Haughey says that the Fed’s interest rate cuts earlier this year had begun to have a positive effect before the Sept. 11 terrorist attack. Now, he said, those effects will be delayed.
2nd Quarter GDP Revised Up, Outlook Still Bleak
Gross Domestic Product rose slightly in the second period, according to new numbers from the U.S Commerce Department, but dropped steeply from the growth rate earlier in the year
More Fleet Management

FMCSA’s Motus System Is Coming. What Fleets Need to Know Now
The long-awaited registration system promises a single portal — and tighter fraud controls.
Read More →
Cargo Theft Incidents Fall in Q1, but Organized Crime and Impersonation Drive New Risks
CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.
Read More →
Nominations Open for HDT Truck Fleet Innovators 2026
Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.
Read More →
New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
March Truck Tonnage Posts Strongest Annual Gain Since 2022
A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.
Read More →
Ohio Turnpike Targets $5.2 Million in Unpaid Tolls from Trucking Firms
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
'Beyond Compliance,' Regulations, Driver Coaching on ATRI’s 2026 Research List
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
Fleet Advantage's Brian Antonellis on the Growing Need to Replace Old Trucks
Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.
Read More →
Truckstop.com Adding to Open Deck, Heavy Haul Offerings
Load matching for flatbed, lowbed, oversize and overweight loads can't be automated like basic van freight, but Truckstop.com is adding more high-tech tools to help.
Read More →
Trucker Path, Truckstop.com Expand Load Access Partnership
An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.
Read More →
