Bob Costello

Business, Logistics, Breaking News

Truck Tonnage Extends Streak of Gains in January

Flatbed truck hauling freight January's gain was the sixth straight totaling 4.4%, according to American Trucking Associations Chief Economist Bob Costello. (John Sommers II for Transport Topics)

Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.

Dan Ronan | Senior Reporter
February 22, 2022
Government, Business, Technology, Logistics

ATA’s Bob Costello: Economy Is Strong, but COVID, Inflation Threats Remain

Costello Bob Costello speaks at a past event. (John Sommers II for Transport Topics)

Three core economic sectors of trucking are showing strength, but disruption from the omicron variant of the coronavirus hangs over the industry as it heads into 2022, American Trucking Associations Chief Economist Bob Costello said.

Dan Ronan | Senior Reporter
December 1, 2021
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 | Senior Reporter
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 | Senior Reporter
July 20, 2021
Government, Business

What We Know About the Economy in 2021

2021 welcomes a new administration and offers a new climate in which to negotiate freight hauling, but it must also contend with some of 2020's ailments, including a continuing pandemic and the wildly disparate performance of different business sectors. ATA Chief Economist Bob Costello joins TT's Dan Ronan to discuss this interesting economic moment and what it means for the trucking industry.

February 1, 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 | Senior Reporter
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

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