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TRUCKING PROGNOSIS * USA & Canada - Trucking analyst expects economic turnaround in late 2009
Halifax,NS,Canada -Truck News, by James Menzies -24 Oct 2008: -- Ray Mawhinney, chair of RBC Asset Management, delivered a refreshingly optimistic overview of the US economy and its trucking industry during the Atlantic Provinces Trucking Association's first ever International Transportation Summit here this week... The overall verdict? Mawhinney said he expects the US to emerge from a recession in late 2009, paving the way for a better 2010... "Lots of people think it's going to be a longer term recession," acknowledged Mawhinney. "Our feeling is that the federal banks have acted forcefully and quickly, and they will get to the point where they can actually get credit moving again and get confidence restored for an improving trend in the last half of 2009."...
Labels: trucking markets prognosis
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