By Bob Costello
American Trucking Associations
This Opinion piece appears in the Jan. 14 print edition of Transport Topics. Click here to subscribe today.
As we close the book on 2012, I think most economists and trucking executives would agree that while growth is preferable to the alternative, the relatively anemic growth we saw last year is certainly nothing to get excited about.
And, unfortunately, in looking ahead to 2013, I have to say that if you didn’t like how the economy performed in 2012, then you’re not likely to feel good about this year, as it will be the same or worse by most measures.
There are a number of culprits conspiring to keep the brakes on what certainly feels like an economy on the verge of robust growth. Increases in taxes; reductions in spending by businesses, consumers and governments; reduced manufacturing output; and a lack of confidence that lawmakers in Washington can solve the nation’s most pressing issues are all holding the economy back from the growth we are all hoping for.