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While the overall economy grew at a steady rate in the second quarter, the transportation segment lagged behind as demand for goods and their subsequent transportation of goods was much weaker than in other sectors.
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In yet another sign the economy may be cooling off, ACT Research said its most recent findings indicate a "significant" correction is looming for the North American Class 8 truck market.
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ATBS President and CEO Todd Amen said that owner-operators can still have a successful 2019 if they are willing to recognize that “the world has changed.”
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Decreasing freight rates, sluggish demand and slow truck orders are all signs of a trucking industry that has finally hit the brakes on the 2018 economic boom.
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President Trump and senior White House officials met with Bob Nuss of Nuss Truck & Equipment in Burnsville, Minnesota about taxes and the economy and asked for his support of a federal excise tax repeal.
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A Memphis, Tennessee, fleet is investing $84 million to turn a derelict shopping mall into its new headquarters facility.
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Stock market volatility, rising interest rates, trade wars and other factors have some wondering if we’re standing on the precipice of the next recession. But company managements echo clear sailing ahead.
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Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.
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Don’t worry about some signs of the economy softening in recent months, Bob Costello, chief economist for the American Trucking Associations, told trucking executives during the American Trucking Associations’ annual Management Conference and Exhibition.
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Freight softened in August and September, according to the American Trucking Associations' monthly Truck Tonnage Index, but tonnage was still up for the third quarter.
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