Trailer pool services are gaining adoption. Wabash, a major manufacturer of equipment, recently announced a partnership with Phoenix-based freight brokerage FreightVana to supply the company with its trailer-as-a-service (TaaS) platform.
Overall, there will be lower rail volume levels continuing into the first quarter of 2021.
‘Blue economy’ provides about $373 billion of nation’s gross domestic product
Zach and Anthony review some of the latest company earnings and a major economic releases which have yet to reveal the full story of the COVID-19 impact on the freight economy.
Bob Costello expects many trucking companies to go out of business before the economy recovers from the recession caused by the coronavirus pandemic.
ACT Research cannot model downturn scenarios fast enough for Class 8 trucks, but high inventory levels make the coronavirus crisis a good time to take a production break as demand is practically nonexistent.
The overall GDP number is not very useful when looking for insight into freight conditions in the economy. The U.S. economy is dominated by the service sector, which includes segments like healthcare, education and financial services. These areas make up over half of all of the economic activity in the U.S., but do not play a significant role in freight movements in the economy. As a result, as long as the service sector is healthy, the U.S. economy can continue to grow even if the production and transportation of goods is stalling.
In 2020, growth is expected to slow further in nearly every global region, except Latin America and emerging Asian economies.
