Bob Costello

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

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
Business, Logistics

ATA Tonnage Index Jumps 8.2% in August

Port of Virginia Virginia Port Authority

Truck tonnage took a healthy 8.2% step up in August, perhaps driven by hurricane preparation work and port shipping, American Trucking Associations said Sept. 19.

Jonathan S. Reiskin | Associate News Editor
September 19, 2017
Business, Equipment, Logistics

‘American Truck Trends’ Quantifies Size of Industry

U.S. trucks moved more than 70% of the nation’s freight last year, and the companies that owned those vehicles employed 7.4 million people, according to a new publication from American Trucking Associations.

August 16, 2017