Reported about 1 month ago
The American Trucking Associations' recent conference highlighted optimism for the trucking industry as Chief Economist Bob Costello anticipates a return to normalcy in freight demand following a freight recession. Costello noted that the recovery hinges on improvements in the manufacturing sector, stating that the historic growth of private fleets has impacted the for-hire market. While challenges remain, including potential waves of bankruptcies triggered by elevated costs and lender pressures, overall market trends suggest a hopeful outlook for the trucking segment in the coming months.
Source: YAHOO