(Roger Gilroy – Transport Topics)
An unsuccessful renegotiation of NAFTA would hurt the best for-hire freight environment in nearly 40 years, American Trucking Associations Chief Economist Bob Costello said. However, barring that “self-imposed risk,” this strong freight cycle could last an additional 18 months or more, he said.
Costello spoke April 3 during an industry conference call hosted by investment firm Stifel, Nicolaus & Co.
“This is the first time in this cycle of freight that all three of these [freight] drivers are accelerating and doing well,” he said, referring to consumer spending, manufacturing output and construction — especially single-family housing starts. Click here to read more.
- U.S. Trucking Prices Are About to Rise Even More (Bloomberg)
- Heavy-Duty Truck Orders Hit a Record Pace (Wall Street Journal)