We’re used to hearing the death knell being sounded for the future of trucking, but it appears it might not be all doom and gloom for the industry.
A group of economists for manufacturing, construction and retail trade associations speaking at the American Truck Association (ATA) Economic Summit, have said they expect to see positive growth to continue for the rest of the year.
For trucking, that means freight hauling will remain in demand, rates will remain favourable and capacity will remain tight.
The current economic expansion is already the longest in modern times and there is no obvious indicators to suggest this growth will stall any time soon.
ATA predicts a 35.6% increase in freight tonnage from 16 billion this year to 21.7 billion in 2019.
I don’t know about you, but I’m happy to take a bunch of economists at their word.