SAN DIEGO — American Trucking Associations Chief Economist Bob Costello said Oct. 25 the trucking industry should be fairly well insulated from a potential recession in 2023.

The U.S. economy fell into a recession in February, a group of economists with the National Bureau of Economic Research said June 8, and some within the trucking industry are not predicting a rapid return to pre-pandemic levels.

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

In the wake of the global pandemic, technology is being used to keep drivers safe, facilitate remote work, and drive efficiency gains so that companies are in a good position to survive the coming recession and thrive in the recovery to follow.

The U.S. economy is likely in the midst of its deepest recession since the end of World War II, when modern records that tracked the nation’s gross domestic product and unemployment rates were standardized.

Jitters and trade wars are roiling the markets and troubling freight companies, but the big question is if the U.S. economic expansion may be coming to a close soon.

A nationwide economic contraction, not just a freight recession, could arrive soon, according to Cass Information Systems’ July freight report.

NEW YORK — Stocks sank Aug. 14 after the bond market threw up one of its last remaining warning flags on the economy.

The stream of investors seeking refuge in the safest parts of the market has triggered yet another recession warning, with yield curves inverting from the United States to the United Kingdom.

FRANKFURT, Germany — The German economy shrank by 0.1% in the second quarter from the previous three-month period as global trade conflicts and troubles in the auto industry weighed on Europe’s largest economy.