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There’s a Recession in Trucking — and Some Reasons for Hope

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Mar 11, 2020 at 01:54 PM CST - 1
The trucking industry has been in a recession for a while. Now—after the Covid-19 coronavirus has pummeled the sector—trucking stocks reflect that fact. But there are some glimmers of hope. Recession is a scary word. It usually refers to a couple of consecutive quarters of diminishing economic output. But shipping is volatile and freight goes into and out of recession about twice as often as the broader economy.

Mar 11, 2020 at 01:54 PM CST

- 1

The trucking industry has been in a recession for a while. Now—after the Covid-19 coronavirus has pummeled the sector—trucking stocks reflect that fact. But there are some glimmers of hope. Recession is a scary word. It usually refers to a couple of consecutive quarters of diminishing economic output. But shipping is volatile and freight goes into and out of recession about twice as often as the broader economy.