Business Management ‘Mild’ recession coming, but trucking should weather it well: Costello November 16, 2022 A mild recession is all but unavoidable, but trucking’s inability to add capacity due to supply chain disruptions over the past two years means the industry is better positioned than…
Business Management Is your fleet recession-ready? 5 tips to managing a downturn. October 26, 2022 Trucking is a cyclical business and after most carriers enjoyed some record financial quarters, the economy seems poised to turn south. “It’s scary out there,” Lee Klaskow, senior analyst –…
Business Management Mild recession now base case scenario: ACT July 14, 2022 ACT Research now projects that a mild recession is the base case for the U.S. economy and North American commercial vehicle markets. It has lowered its GDP forecast, but the…
Business Management Recession risks growing: ACT Research June 30, 2022 There’s about a 50/50 chance of a recession in the U.S., but truck makers will benefit from pent-up demand and trucking company profitability, ACT Research reports. “With the current head…
Business Management Recession risk growing: ACT Research June 20, 2022 Truck demand is likely to decrease in light of falling spot market rates and rising fuel costs, ACT Research reports. And the chance of a mild recession is increasing. “Russian…
Business Management Is that a speed bump ahead, or a cliff? April 29, 2022 Alain Bedard isn’t losing sleep over a freight recession. The chairman and CEO of Canada’s largest fleet, TFI International, parried questions from analysts about a softening freight market during a…
Equipment ECONOMIC WATCH: April trailer orders set historic low May 15, 2020 BLOOMINGTON, Ind. – April trailer orders plunged to 300 units, the lowest level in the modern era, according to preliminary data from FTR. Orders are from U.S. manufacturers, and include…
Business Management Trucking employment dives in latest signs of Covid-19’s impact on industry May 11, 2020 Skyrocketing unemployment. Cratering freight volumes. Plummeting spot market freight rates. Record-low Class 8 truck orders. These are just a few of the new realities the North American trucking industry is…
Equipment Trade war, consumer confidence to impact truck demand November 14, 2019 COLUMBUS, Ind. – The main risk facing the North American commercial vehicle market and the economy is the trade war with China, while the consumer remains the key driver of…
