Government, Business

Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady

Trucks on an interstate highway American Trucking Associations Chief Economist Bob Costello said trucking is holding its own during these tough times. (Doug Berry/Getty Images)

The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.

Dan Ronan | Associate News Editor
July 30, 2020
Government, Business

Economic Recovery Threatened by COVID-19 Resurgence, Experts Say

Trucks on the 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 Praises USMCA Pact

ATA President Chris Spear ATA President Chris Spear by John Sommers II for Transport Topics

The trade deal with Canada and Mexico that took effect at the start of the month garnered a strong endorsement from the leadership at American Trucking Associations.

Eugene Mulero | Senior Reporter
July 8, 2020
Government, Business, Safety

Economy Recovering, but Experts Fear Rise in Coronavirus Cases

Truck on road with sunrise behind it Will the coronavirus shut the economy back down just as it is getting restarted? (helivideo/Getty Images)

Experts are warning that signs of improvement in the U.S. economy could give way to another round of contractions as coronavirus cases increase in certain states.

Dan Ronan | Associate News Editor
June 25, 2020
Business, Safety, Logistics

What the New Normal for Trucking Will Be Remains a Question

Truck on rural road eyecrave/Getty Images

Trucking companies continue to navigate the coronavirus pandemic, but what the new normal will be remains a mystery.

Connor D. Wolf | Staff Reporter
June 10, 2020
Government, Business

Stocks Vault Higher as Nasdaq Hits Record on Economy Hopes

Currency trader in Seoul A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on June 8, 2020. (Ahn Young-joon)

NEW YORK — The Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record June 8.

Stan Choe and Damian J. Troise | Associated Press
June 8, 2020
Government, Business

Recession Began in February in Face of Coronavirus, Experts Say

Woman walks into closing Gordmans store in Missouri A woman walks into a closing Gordmans store May 28, 2020, in St. Charles, Mo. A committee within the National Bureau of Economic Research, a trade group, determines when recessions begin and end. (Jeff Roberson/Associated Press)

WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.

Christopher Rugaber | Associated Press
June 8, 2020
Government, Business

New Economic Data Show How Deep and Fast Recession Began

empty restaurant patio Chairs are stacked outside a temporarily closed restaurant in Tucson, Ariz. (Cheney Orr/Bloomberg)

Just how deep and swift the U.S. economy’s plunge into a recession has been since the coronavirus pandemic hit the nation was evidenced by a number of reports, including that millions continued to apply for unemployment benefits.

Dan Ronan | Associate News Editor
May 28, 2020
Government, Business, Top 100

Trucking Begins to Rise Off the Bottom

Warren truck plant United Auto Workers members leave the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift after reopening May 18 in Warren, Mich. (Paul Sancya/AP)

Present conditions signal the bottom of the pandemic’s vertiginous drawdown of the freight market, trucking industry observers said. But other economic conditions, in place earlier in 2019 and 2020, remain as a potential drag.

Roger Gilroy | Senior Reporter
May 27, 2020