Roadsigns to Recovery
It looks like the recession is over. Now the question on everyone's mind is the recovery. Even though the economy is heading in the right direction, expect a bumpy ride, said an economist speaking at Heavy Duty Aftermarket Week Tuesday. "The recovery is one of the most difficult phases of the business cycle," said Bob Dieli, President and founder of RDLB Inc., an economic research and management consulting fir

It looks like the recession is over. Now the question on everyone's mind is the recovery. Even though the economy is heading in the right direction, expect a bumpy ride, said an economist speaking at Heavy Duty Aftermarket Week Tuesday.
"The recovery is one of the most difficult phases of the business cycle," said Bob Dieli, President and founder of RDLB Inc., an economic research and management consulting firm
based in Lombard, Ill., speaking during the opening session HDAW in Las Vegas.
The recovery phase, he explained, has three main characteristics:
* Uneven: Just as recessions don't start in all sectors and regions at the same time, so do recoveries. "The idea that because there is a recovery going on that you are going to be in it, or because you're not in it doesn't mean it's not happening, is not true."
* Unsettled: Not all the news about the recovery will be good news. We will continue to get bad news about some sectors and regions.
* Unique: Every recovery is different from every other recovery. In this one, the big differences affecting it are the way housing and the financial sector were involved. It's rare that you actually see an industry bottom out, Dieli explained, but that's exactly what happened with the housing market in this recession.
Dieli suggested three key areas to watch: housing, employment, and commercial lending.
Housing goes down in every recession, but in this one, after reaching an unsustainably high level in 2006, it collapsed - to the point where we actually reached only the replacement level of demand. "Every year, about 500,000 houses blow down, burn down or get torn down and have to be replaced." That's where we currently are in single family housing starts. Getting back to a 750,000 annualized level would suggest a recovery is taking place. But because construction is affected so much by the seasons, we won't actually see much evidence of recovery in the housing market until at least the spring.
We've experienced the worst job losses ever seen in a recession, both in absolute and percentage terms. Dieli emphasized that the recovery in employment will come in fits and starts, he said. Although some down months may lead people to talk about a "jobless recovery," he said, that kind of progress is normal. "On a month-to-month basis, this thing is going to jiggle around," he said, pointing to the squiggly graph line showing employment numbers.
Commercial lending: One of the few charts shown that did not show much sign of hitting bottom and turning the other way was one showing the year over year change in commercial and industrial loans at commercial banks. "The bankers are all hiding under their desks," Dieli said, "and this is the third time in as many recessions that they've done this. And one of the reasons the recovery has been so slow is the bankers didn't help." In the previous two recessions, he said, it took three years for this area to recover. "It seems unlikely the Federal Reserve will allow that to happen again," he said.
In addition to monitoring these areas to track the recovery, Dieli also emphasized that business leaders need to look back at their own businesses and see what happened in past recessions and recoveries, in order to make plans to deal with it.
Meanwhile, Dieli said, legendary college football coach Paul "Bear" Bryant's advice still holds: "Keep your chin strap buckled at all times."
More Fleet Management

Why Private Fleets Are Taking More Freight
Private fleets are putting their own trucks on demanding customers and high-cost lanes as companies seek greater control over service, costs, and capacity.
Read More →
Color Match Smarter: Tools That Restore & Perform
For fleet managers and collision repair professionals keeping heavy-duty trucks on the road, getting the color right the first time isn't just about appearance — it's about efficiency, turnaround time, and bottom-line results. Discover how today's digital color tools are transforming the repair process from guesswork to precision.
Read More →
FMCSA Pauses Biennial-Update Enforcement Amid Motus Transition
Carriers whose updates were due on or after June 1 have more time, while FMCSA works to stabilize its new registration system and warns of phishing sites impersonating its new carrier registration system, Motus.
Read More →
2026 Blueprint for Countering Smarter Supply Chain Theft
Cargo theft is no longer just the cost of doing business. It's a multi-billion-dollar criminal enterprise exploiting vulnerabilities across your fleet, drivers, and supply chain.
Read More →
How Telematics Improves Visibility, Control, and Performance in Refrigerated Fleets
Explore how telematics help refrigerated fleets improve visibility, uptime, efficiency, compliance, and cargo protection across connected cold chain operations.
Read More →
What the U.S.-Canada Trade War Means for Trucking
Escalating U.S.-Canada tariffs could disrupt cross-border freight, reduce truck volumes, raise costs, and create new uncertainty for carriers on both sides of the border.
Read More →
What Are Trucking’s Top Concerns for 2026?
The American Transportation Research Institute wants to know what's worrying trucking fleet managers, drivers, and other stakeholders in its annual Industry Issues survey.
Read More →
American Trucking Associations Looks for a New Leader
ATA President and CEO Chris Spear abruptly left his job at the association on August 21, at a pivotal time for the trucking industry.
Read More →
Public Wi-Fi Cybersecurity Risks: How Truck Drivers and Fleets Can Protect Their Data
Public Wi-Fi can expose truck drivers and fleets to credential theft, malware, and other cyber threats. Here’s how to reduce the risk on the road.
Read More →
For Nicky Cupp, Fleet Innovation Starts With Frustration
HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.
Read More →


