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Oct 4, 2016

TRUCKING MARKET * USA: The end of an economic downturn ?

* Nevada - Truck numbers bottoming out, but has the economy?

--- Several indicators suggest that the U.S. trucking industry is approaching the end of an economic downturn. But broader economic growth is still being slowed by uncertainty around the U.S. election -- and the global rise in populism, nationalism and isolationism, a leading U.S. economist says... “There is this uncertainty about policy and where we’re going,” said Diane Swonk, in a presentation at the American Trucking Associations’ Management Conference and Exhibition. “It’s not just the U.S. it’s global in scope” ... Any sense of isolationism is certainly troubling in the context of cross-border truck traffic. Trucks haul 70% of the surface trade between Canada and the U.S., and since 1995 truck-transported shipments from Canada have grown 65%, with Canada-bound freight up 93%, said Bob Costello, chief economist for the American Trucking Associations. The numbers for shipments across the border with Mexico are even more dramatic. Trucks haul 83% of the surface trade there, while U.S. bound shipments were up 395% and Mexican-bound shipments surged 355% in the same period since 1995... Looking at recent years, the trucking industry’s economic story has not been one of growth... 
(Photo by Vladimir Dostalek | Flickr: Semi truck at night in California)    --   Las Vegas, NEV, USA - Today's Trucking – Oct 3, 2016

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