Class 8 Registrations Expected To Climb
The number of new Class 8 registrations this year is expected to recover by more than 10 percent from last year, which were down by 26 percent, according to Andrej Divis, director of global heavy…
Tagged: Economics
For Trucking, ‘Tailwinds and Headwinds’ This Year
The new year will be a story of contending tailwinds and headwinds,’’ according to a 2021 economic forecast by U.S. Xpress. The forecast, from one of the country’s largest truckload fleets, looks at economic indicators…
COVID-19 Requires Haulers to Diversify
The convulsions that COVID-19 has sent through the economy and supply chain have made it imperative for carriers to diversify their customer base, shed weak areas of their business and adapt to changing retailer behavior.
Recessions Often Draw Workers To Trucking
During previous recessions and regional downturns, trucking recruited workers laid off from other industries. That built freight supply just at the moment when aggregate demand was typically soft.
Consider what happened during two recent downturns…
Federal Relief Available For Trucking
With many small businesses across the country uncertain of how the COVID-19 outbreak will temporarily, or permanently, affect their bottom lines, the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act may offer…
Backlog May Depress Imports, Economist Says
The surge of cargo that moved through U.S. ports in December increased both wholesale and retail inventories and “until that backlog is taken care of, it will likely depress container imports for the next couple…
