Q2 GDP Drops a Record 32.9%, but Trucking Holding Steady
The gross domestic product of the United States shrank a record-setting 32.9% in the second quarter, tracking closely with economists’ expectations.
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.
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.
July 15, 2020ATA Praises USMCA Pact
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.
Economy Recovering, but Experts Fear Rise in Coronavirus Cases
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.
What the New Normal for Trucking Will Be Remains a Question
Trucking companies continue to navigate the coronavirus pandemic, but what the new normal will be remains a mystery.
Stocks Vault Higher as Nasdaq Hits Record on Economy Hopes
NEW YORK — The Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record June 8.
Recession Began in February in Face of Coronavirus, Experts Say
WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.
New Economic Data Show How Deep and Fast Recession Began
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.
Trucking Begins to Rise Off the Bottom
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.