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Bob Costello
Business, Logistics

Economy Still Shows Signs of Slow, Steady Growth

Trucks in traffic on I-75 in Georgia

Even with a stronger-than-expected 2.9% fourth quarter increase in gross domestic product, two  prominent freight transportation economists say the threat of a recession will persist this year.

Dan Ronan | Senior Reporter
January 31, 2023
Business, Equipment, Logistics

Driver Shortage Decreases Slightly to 78,000, ATA Says

ATA Chief Economist Bob Costello

SAN DIEGO — American Trucking Associations revealed Oct. 25 that it estimates the shortfall of professional drivers has decreased slightly to 78,000 for this year.

Connor D. Wolf | Staff Reporter
October 25, 2022
Business, Logistics, Breaking News

Truck Tonnage Extends Streak of Gains in January

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

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

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

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

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

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.

Transport Topics
July 15, 2020
Government, Business

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

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

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