GRAPEVINE, Texas – American Trucking Associations’ Chief Economist Bob Costello said here that the outlook for trucking was muddled at best, with the industry facing softening demand and rising costs, but said capacity should continue to remain tight.
“Right now, freight demand is moving sideways, rather than falling off a cliff like it did in 2008,” Costello said during the All Eyes on the Economy panel, presented by Bendix Commercial Vehicle Systems. “That indicates to me that we might just skirt by another recession.”
In general, Costello said large fleets were seeing stronger volumes than smaller ones, likely because of their relationships to larger shippers.
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“Right now, freight demand is moving sideways, rather than falling off a cliff like it did in 2008,” Costello said during the All Eyes on the Economy panel, presented by Bendix Commercial Vehicle Systems. “That indicates to me that we might just skirt by another recession.”
In general, Costello said large fleets were seeing stronger volumes than smaller ones, likely because of their relationships to larger shippers.
full story