Transportation Index Falls, Signaling Risks for Stock Market
Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.
Odds of a Recession Are Receding, Economists Say
A strong majority of business economists now say odds of the U.S. entering a recession in the next 12 months are 50% or less, according to a National Association for Business Economics survey.
Drop in Diesel Demand Heightens Recession Concerns
“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.
April 17, 2023Trucking Positioned to Weather a Recession, Costello Says
SAN DIEGO — American Trucking Associations Chief Economist Bob Costello said Oct. 25 the trucking industry should be fairly well insulated from a potential recession in 2023.
Recession Began in February, Economists Say
The U.S. economy fell into a recession in February, a group of economists with the National Bureau of Economic Research said June 8, and some within the trucking industry are not predicting a rapid return to pre-pandemic levels.
Recession Began in February in Face of Coronavirus, Experts Say
WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.
Keeping Cash Flowing During Uncertain Times
In the wake of the global pandemic, technology is being used to keep drivers safe, facilitate remote work, and drive efficiency gains so that companies are in a good position to survive the coming recession and thrive in the recovery to follow.
May 5, 2020US Economy Sliding Further, Experts Say
The U.S. economy is likely in the midst of its deepest recession since the end of World War II, when modern records that tracked the nation’s gross domestic product and unemployment rates were standardized.
Indicators Show Slowdown in Growth, but Recession Isn’t Likely
Jitters and trade wars are roiling the markets and troubling freight companies, but the big question is if the U.S. economic expansion may be coming to a close soon.
Cass: Freight Shipments Down 5.9% in July, and GDP Could Be Next
A nationwide economic contraction, not just a freight recession, could arrive soon, according to Cass Information Systems’ July freight report.