Home > Tools > News > Is The Gloom In Trucking Warranted?

Is the gloom in trucking warranted?

Sep 23, 2016 at 05:01 PM CST

o I spent last week listening to several U.S. economic and trucking forecasts at the annual transportation conference hosted by research firm FTR – some of it very gloomy, some of it surprisingly not.

On the one hand, Noël Perry, an FTR partner and its resident trucking expert, provided a cautious if notdownright worrisome perspective regarding the industry’s near-term future – predicting that freight volumes will continue slumping in the face of gross domestic product (GDP) growth of just 2% for the next two to three years, with a heightened risk of a recession as well.