Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing
American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.
October 23, 2024Economy Still Shows Signs of Slow, Steady Growth
Even with a stronger-than-expected 2.9% fourth quarter increase in gross domestic product, two prominent freight transportation economists say the threat of a recession will persist this year.
January 31, 2023Driver Shortage Decreases Slightly to 78,000, ATA Says
SAN DIEGO — American Trucking Associations revealed Oct. 25 that it estimates the shortfall of professional drivers has decreased slightly to 78,000 for this year.
October 25, 2022Truck Tonnage Extends Streak of Gains in January
Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.
February 22, 2022ATA’s Bob Costello: Economy Is Strong, but COVID, Inflation Threats Remain
Three core economic sectors of trucking are showing strength, but disruption from the omicron variant of the coronavirus hangs over the industry as it heads into 2022, American Trucking Associations Chief Economist Bob Costello said.
December 1, 2021Advisory Panel Urges Federal Action on Driver Shortage
A Department of Commerce advisory group is urging federal officials to lead a widespread effort to address the nationwide shortage of truck drivers, which the panel said has “likely reached an all-time high.”
August 17, 2021Truck Tonnage Rises Slightly in June
Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
July 20, 2021What We Know About the Economy in 2021
2021 welcomes a new administration and offers a new climate in which to negotiate freight hauling, but it must also contend with some of 2020's ailments, including a continuing pandemic and the wildly disparate performance of different business sectors. ATA Chief Economist Bob Costello joins TT's Dan Ronan to discuss this interesting economic moment and what it means for the trucking industry.
February 1, 2021Economic Recovery Threatened by COVID-19 Resurgence, Experts Say
The U.S. economy, which had begun to improve, is now in jeopardy of stalling amid rising cases of COVID-19 infections.
July 15, 2020Watch Replay of Newsmakers Series
Sign up to watch replays of our previous webcasts with American Trucking Associations Chief Economist Bob Costello and Nikola founder and executive chairman Trevor Milton.
July 15, 2020