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U.S. Trucking Industry Expected to See Slower Growth in 2019

Posted January 08, 2019

Under Economic Issues, Logistics & Supply Chain Issues

(Dan Ronan – Transport Topics)

Trucking industry economists say — after a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high — the industry is expected to remain strong in 2019 but undergo a bit of a cool-down.

“[Last year,] of course, was as good a year as the truck market has ever had — it was a record year in a number of ways,” Transport Futures Principal and Economist Noel Perry said during an interview on Transport Topics Radio, which is heard on SiriusXM Radio. “The spot market started the year at extraordinarily tight levels, and the contract market has been tight all year. So, it was a great year.”

He noted, however, that things trailed off as the year closed. “The fourth quarter was down enough in several categories to indicate we’re not going to sustain that peak performance in 2019.” Click here to read more.