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Current Trucking Climate like ‘Running in Mud’

Oct 05, 2016 at 12:40 PM CST
https://www.trucks.com/2016/10/04/trucking-climate-economy/

Truckers are struggling with a sluggish economy that this year could post the weakest rate of growth since the recession, economists said at an industry conference this week.

Bob Costello, chief economist of the American Trucking Associations, spoke Sunday at the trade group’s annual Management Conference & Exhibition in Las Vegas with Diane Swonk of Chicago-based DS Economics.

Growth in the U.S. gross domestic product will likely not exceed 1.6 percent this year, Swonk said. A healthy economy generally grows at an annualized 2.5-percent clip.