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As trucking staggers into the fourth year of the lingering trough, drivers’ mileage pay has been showing surprising slow-but-steady upward movement since late 2024, but pay gains remained restrained by market malaise.
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Ongoing economic turmoil and uncertainty leading to slower demand for heavy-duty trucks has prompted Volvo Trucks North America to announce layoffs for both Volvo and Mack workers.
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Jeff Kauffman, HDT's contributing economic analyst, takes a look at economic and trucking indicators reflecting an upcoming economic downturn.
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A recession during the first half of 2023 is looking more likely, but the unusual nature of this economic and trucking cycle should help keep trucking from feeling the brunt of it.
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Is the U.S. in a recession? The usual measures of the country's economic health have been rendered unreliable by the continued fallout from the COVID-19 pandemic. Two experienced trucking analysts share what they're seeing in the numbers.
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