Truckers are becoming more pessimistic about the US economy

Sep 23, 2019 at 10:38 AM CST - 1
America's $800 billion trucking industry has been in a recession since the beginning of 2019, according to ACT Research. The culprits: President Donald Trump's trade war and a glut of trucking capacity. And while some factors, like the uptick of retail indicators and a surge in truckload volumes, should give trucking companies hope for 2020, Cowen's third-quarter carrier survey indicates that truckers are getting more and more pessimistic about where the economy is headed.

Sep 23, 2019 at 10:38 AM CST

- 1

America's $800 billion trucking industry has been in a recession since the beginning of 2019, according to ACT Research. The culprits: President Donald Trump's trade war and a glut of trucking capacity. And while some factors, like the uptick of retail indicators and a surge in truckload volumes, should give trucking companies hope for 2020, Cowen's third-quarter carrier survey indicates that truckers are getting more and more pessimistic about where the economy is headed.