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It's been a steep downhill slide, the worst in decades, and recovery will be slow, but there are indications that we are approaching the bottom, says Bob Costello, chief economist for the American Trucking Associations. "We are just starting to see signs of economic life," Costello said Thursday by way of introduction to a Web-based overview of the outlook for the economy and trucking in particular
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Cautious would be the word to summarize Bob Costello's comments on the economy at last week's meeting of the Refrigerated Division of the Truckload Carriers Association. Perhaps even cautiously optimistic. Costello is the American Trucking Associations' chief economist. He complimented the refrigerated haulers on being less affected by the economic downturn than other fleets, a direct consequence of people's need to eat no matter the general state of the economy.
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The market for commercial vehicles is expected to pick back up in 2010 as the economy trends up, according to the latest report from Polk & Co. In the July issue of "Polk View," "The Future of the U.S. Commercial Vehicle Market," the automotive market intelligence company predicts sales will rebound after the housing market bottoms out
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Truckload carriers had a somewhat rosy outlook on the state of the economy and expect things to improve in the coming month
Read More →Sales for heavy-duty commercial vehicles are seeing a slow recovery as expecte
Read More →The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index jumped 3.2 percent in May, the first increase since February
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Global trade is key to getting out of the current recession, according to the chairman and CEO of UPS, Scott Davis
Read More →Truckers expressed a hopeful outlook on the future of the economy in a recent survey.
Read More →The longest freight recession since WWII looks like it's hitting bottom, according to a noted trucking economist. And that's good, because you have to hit bottom before you can start going back up
Read More →The American Trucking Associations' advance seasonally adjusted For-Hire Truck Tonnage Index fell 2.2 percent in April, after plunging 4.5 percent in March
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