Trucking is emerging from a difficult period, and the headwinds that have plagued the industry are beginning to weaken as freight volumes improve and capacity leaves the market.
March 21, 2025BusinessLogistics
Costello: Amid Inflation, Some Segments Strong for Trucking
鈥淧eople are looking at the prices of things and freaking out,鈥 Bob Costello said Feb. 20 at the 2025 Recruitment & Retention Conference in Nashville.
February 25, 2025GovernmentBusiness
Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing
American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.聽
October 23, 2024BusinessLogistics
Economy Still Shows Signs of Slow, Steady Growth
Even with a stronger-than-expected 2.9% fourth quarter increase in gross domestic product, two聽 prominent freight transportation economists say the threat of a recession will persist this year.
January 31, 2023BusinessEquipmentLogistics
Driver Shortage Decreases Slightly to 78,000, ATA Says
SAN DIEGO 鈥 American Trucking Associations revealed Oct. 25 that it estimates the shortfall of professional drivers has decreased slightly to 78,000 for this year.
October 25, 2022BusinessLogisticsBreaking News
Truck Tonnage Extends Streak of Gains in January
Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.
February 22, 2022GovernmentBusinessTechnologyLogistics
ATA鈥檚 Bob Costello: Economy Is Strong, but COVID, Inflation Threats Remain
Three core economic sectors of trucking are showing strength, but disruption from the omicron variant of the coronavirus hangs over the industry as it heads into 2022, American Trucking Associations Chief Economist Bob Costello said.
December 1, 2021GovernmentBusiness
Advisory Panel Urges Federal Action on Driver Shortage
A Department of Commerce advisory group is urging federal officials to lead a widespread effort to address the nationwide shortage of truck drivers, which the panel said has 鈥渓ikely reached an all-time high.鈥
August 17, 2021BusinessEquipmentBreaking News
Truck Tonnage Rises Slightly in June
Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations鈥 For-Hire Truck Tonnage Index.
July 20, 2021GovernmentBusiness
What We Know About the Economy in 2021
2021 welcomes a new administration and offers a new climate in which to negotiate freight hauling, but it must also contend with some of 2020's ailments, including a continuing pandemic and the wildly disparate performance of different business sectors. ATA Chief Economist Bob Costello joins TT's Dan Ronan to discuss this interesting economic moment and what it means for the trucking industry.
February 1, 2021