After a significant dip during the recent recession and a mild economic recovery, the U.S. freight economy is projected to grow significantly in the years ahead.
Economist William Strauss told CCJ Symposium attendees that the economy's growth is being constricted in a few key areas.
FTR Associates released data showing April Class 8 truck total net orders at 16,877 units, the lowest number since September 2010.
ATA's seasonally adjusted For-Hire Truck Tonnage Index rose 0.2 percent in March.
The driver shortage resulted from a “cyclical drag,” which is the industry’s inability to recruit and employ drivers fast enough, and a “regulatory drag” brought on by new government rules.
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