Trucking Industry Says Economy Is Slowing | WHAT REALLY HAPPENED

Trucking Industry Says Economy Is Slowing

ATA Chief Economist Bob Costello said that the two sequential decreases reflect an economy that is slowing. Furthermore, growth in truck tonnage is likely to moderate in the months ahead as the economy decelerates and year-over-year comparisons become more difficult. Nevertheless, Costello believes that tonnage doesn’t have to grow very quickly at this point since industry capacity has declined so much. “Due to supply tightness in the market, any tonnage growth feels significantly better for fleets than one might expect.”

This came on the back of yesterday’s data release showing the second consecutive month of declines in truck tonnage:

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