Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Revision of GDP Growth Bodes Well For Trucking Industry

The U.S. Department of Commerce has revised its estimate for real gross domestic product growth to 5.9 percent for the fourth quarter, a boost over an earlier estimate of 5.7 percent growth

by Staff
February 26, 2010
Revision of GDP Growth Bodes Well For Trucking Industry

 

2 min to read


The U.S. Department of Commerce has revised its estimate for real gross domestic product growth to 5.9 percent for the fourth quarter, a boost over an earlier estimate of 5.7 percent growth.

The economic indicator may bode well for the trucking industry.

According to a report released by the Bureau of Economic Analysis Friday, the acceleration in real GDP was impacted by a slowdown in the rate at which businesses drew down inventories. The drawdown was much less than in the third quarter of 2009, the BEA said.

Real exports of goods and services gained 22.4 percent in the fourth quarter, up from the third quarter's 17.8 percent boost. Meanwhile, imports were up 15.3 percent, compared with an increase of 21.3 percent in the third quarter.

In addition, business investment saw an uptick in the fourth quarter as a result of a sharp pickup in equipment and software. Imports, however, slowed.

The fourth quarter was also characterized by slowdowns in consumer spending, federal government spending and residential housing, the BEA said.

According to reports by Bloomberg, consumer spending, which contributed 1.23 percent to GDP, was up 1.7 percent in the fourth quarter. Analysts had forecast a 2 percent boost in consumer spending, Bloomberg reports. In the third quarter, consumer spending grew 2.8 percent.

For all of 2009, GDP dropped 2.4 percent, while it gained 0.4 percent in 2008. The BEA attributes the difference to the downturn in business investment and exports and larger declines in inventory investment and consumer spending in 2009.


More Fleet Management

Jamie Hagen owner, Hell Bent Xpress.
Fleet Managementby Jack RobertsMay 29, 2026

Jamie Hagen Gets Real About Running a Small Fleet in an Uncertain Economy

Small fleet owner Jamie Hagen says new legal risks, volatile fuel prices, and a changing freight market are forcing small carriers to rethink how they operate -- and what they can afford.

Read More →
Jamie Hagen owner, Hell Bent Xpress.
Fleet ManagementMay 28, 2026

Jamie Hagen Gets Real About Freight, Fuel Prices, Safety, and Small-Fleet Survival

Running a small trucking fleet right now isn’t easy, especially right now. And Jamie Hagen doesn’t sugarcoat it.

Read More →
Jamie Hagen, Hellbent Xpress.
Fleet Managementby Jack RobertsMay 28, 2026

Jamie Hagen Gets Real About Freight, Fuel Prices, Safety, and Small-Fleet Survival

Running a small trucking fleet right now isn’t easy, especially right now. And Jamie Hagen doesn’t sugarcoat it.

Read More →
Ad Loading...
Illustration of a padlock attached to heavy chains over a digital binary background with the words “Data Lock In?” in large bold text.
Fleet ManagementMay 28, 2026

Data Lock‑In or Integration Lock‑Out?

Data fragmentation is costing dealerships, OEMs, fleets, and upfitters millions. Here’s why interoperability may be the fix the trucking industry needs.

Read More →
Greg Feary, president and managing partner of transportation law firm Scopelitis, Garvin, Light, Hanson & Feary.
Fleet ManagementMay 27, 2026

What Trucking Fleets and Brokers Need to Know About This Supreme Court Case

In May, the U.S. Supreme Court ruled that freight brokers can be held liable for damages if a truck they have contracted with is involved in an accident. Listen as this transportation attorney breaks down the ruling and its implications for the trucking industry.

Read More →
Illustration of hacker and information network
Fleet Managementby Ben WilkensMay 22, 2026

The Trucking Industry’s Threat Intelligence Gap

The trucking industry has no shortage of cybersecurity reports and cargo crime statistics. What it lacks is timely, operational intelligence that fleets can actually use.

Read More →
Ad Loading...
Illustration of rising costs with truck in background

Truck Crash Rates Are Down. So Why Do Insurance Costs Keep Rising?

ATRI’s latest research points to litigation, social inflation, and soaring claims costs as key drivers behind record-high liability premiums for trucking fleets. But there are things motor carriers can do.

Read More →
ATA Truck Tonnage April 2026

ATA Truck Tonnage Holds Steady in April at Highest Levels Since 2022

ATA’s For-Hire Truck Tonnage Index was unchanged in April after a strong March gain, with freight volumes remaining at their highest levels since late 2022.

Read More →
Ad Loading...
Greg Feary, president and managing partner of transportation law firm Scopelitis, Garvin, Light, Hanson & Feary.
Fleet Managementby Jack RobertsMay 20, 2026

Behind the SCOTUS Broker Ruling Part 1

Transportation attorney Greg Feary breaks down the recent Supreme Court decision that brokers can be held liable for damages in truck accidents and what it means for the trucking industry going forward.

Read More →