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Data provided to Transport Topics shows an acceleration in carrier capacity exits, and observers see a number of macroeconomic dominoes starting to fall into place.

Gothenburg, Sweden-based Volvo Group — parent company of Volvo Trucks North America and Mack Trucks — sold 9,622 trucks in North America, compared with 12,026 a year earlier.

Tariffs and carrier capacity continue to be the two top issues increasing the length of transportation executives’ worry lines, according to attendees of the CSCMP Edge 2025 conference.

Economists at Goldman Sachs have raised their assessment of the odds the U.S. will experience a recession to 45% from 35% following President Donald Trump's tariffs announcement April 2.

U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation.

“People are looking at the prices of things and freaking out,” Bob Costello said Feb. 20 at the 2025 Recruitment & Retention Conference in Nashville.

“Trucking is now in the longest and deepest freight down cycle since the 2007 global financial crisis,” said C.H. Robinson's Michael Castagnetto. ATA data shows tonnage climbing slowly.

Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.

A strong majority of business economists now say odds of the U.S. entering a recession in the next 12 months are 50% or less, according to a National Association for Business Economics survey.

“Diesel demand can act as a leading indicator for broader growth as an early sign that spending by households is waning,” said one expert.