Bob Costello

Government, Business

Advisory Panel Urges Federal Action on Driver Shortage

Female truck driver for A. Duie Pyle Attracting more women into trucking is one way the industry is attempting to alleviate the driver shortage. (A. Duie Pyle)

A Department of Commerce advisory group is urging federal officials to lead a widespread effort to address the nationwide shortage of truck drivers, which the panel said has “likely reached an all-time high.”

Dan Ronan | Associate News Editor
August 17, 2021
Business, Equipment, Breaking News

Truck Tonnage Rises Slightly in June

Trucks in traffic on Interstate 65 Truck tonnage has leveled off yet still remains above 2020 levels, according to ATA Chief Economist Bob Costello. (John Sommers II for Transport Topics)

Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations’ For-Hire Truck Tonnage Index.

Dan Ronan | Associate News Editor
July 20, 2021
Government, Business

Economic Recovery Threatened by COVID-19 Resurgence, Experts Say

Trucks on a highway Trucks on California state Route 905 in San Diego. (John Sommers II for Transport Topics)

The U.S. economy, which had begun to improve, is now in jeopardy of stalling amid rising cases of COVID-19 infections.

Dan Ronan | Associate News Editor
July 15, 2020
Government, Business

Watch Replay of Newsmakers Series

Replay of TT Newsmakers

Sign up to watch replays of our previous webcasts with American Trucking Associations Chief Economist Bob Costello and Nikola founder and executive chairman Trevor Milton.

July 15, 2020
Government, Business

ATA Economist Bob Costello: Recession Remains Uncertain, but Expect More Carrier Closures

ATA Economist Bob Costello “The risks of a mild recession have increased,” Costello tells NAFC conference attendees. (Jim Stinson/Transport Topics)

INDIANAPOLIS — Bob Costello isn’t sure that a recession — a downturn that could impact freight and trucking companies across North America — is coming, or when, but the economist senses something is amiss.

Jim Stinson | Staff Reporter
June 12, 2019
Business

Strongest Trucking Market in History Has Legs, ATA’s Bob Costello Says

Costello Costello by Seth Clevenger/Transport Topics

NASHVILLE, Tenn. — The U.S. trucking industry is enjoying its best business environment since deregulation in 1980, and the good times will continue in the near term unless trade disputes hinder economic growth, American Trucking Associations Chief Economist Bob Costello said.

Seth Clevenger | Managing Editor, Features
July 25, 2018
Business, Logistics

Tonnage Robust as Demand for Trucks Grows

Werner  truck John Sommers II for Transport Topics

Truck tonnage in February was up nearly 6% compared with February 2017, according to American Trucking Associations’ monthly for-hire truck tonnage index. Tonnage is up 7.1% year-to-date, compared with the same two months in 2017.

Burney Simpson | Staff Reporter
March 20, 2018
Business, Logistics

Tonnage Rise Pushes Spot Rates Higher

XPO Logistics truck XPO Logistics

Truck tonnage rose 8.8% in January on a year-over-year basis, according to American Trucking Associations’ monthly for-hire truck tonnage index.

Burney Simpson | Staff Reporter
February 21, 2018
Government, Business

Trucking Market Strongest Since Deregulation, ATA Economist Bob Costello Says

Bob Costello Ari Ashe/Transport Topics

NASHVILLE, Tenn. — The freight market is as strong as it has been since deregulation in the 1980s, according to American Trucking Associations Chief Economist Bob Costello.

Ari Ashe | Staff Reporter
February 14, 2018
Business, Logistics

Truck Tonnage Surges 7.6% in November

Schneider truck Schneider

Truck tonnage surged 7.6% year-over-year in November after a 10.5% increase in October, according to American Trucking Associations.

Ari Ashe | Staff Reporter
December 19, 2017

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