Economic recovery begins; truck freight growth lags

Published Friday, November 06, 2009

The recovery has begun, according to the latest issue of The North American Commercial Truck and Trailer Outlook published by FTR Associates, but the transportation industry forecast company warns that any significant freight growth is not expected until 2010 with increased orders for equipment to follow later in the year. Eric Starks, president of FTR, said, “After a spurt in August due to government stimulus, the economy has settled into the slow, uneven movement typical of recession bottoms. We are cautious about forecasting any near-term major improvements for freight companies and their suppliers. Unprecedented excess capacity created by ...

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