Government, Business

Recession Began in February, Economists Say

commuter during pandemic A commuter wears a mask and gloves while riding a nearly empty subway in New York on June 3. (Sarah Blesener/Bloomberg)

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.

Dan Ronan | Associate News Editor
June 9, 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

US Economy Sliding Further, Experts Say

Trucks and other vehicles on a busy highway Wendell and Carolyn (Getty Images)

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.

Dan Ronan | Associate News Editor
May 4, 2020
Government, Business

Indicators Show Slowdown in Growth, but Recession Isn’t Likely

Trucks on highway Truck tonnage surged 7.3% in July. (TT File Photo)

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.

Jim Stinson | Staff Reporter
August 21, 2019

Cass: Freight Shipments Down 5.9% in July, and GDP Could Be Next

American Fast Freight truck on highway American Fast Freight

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

Jim Stinson | Staff Reporter
August 16, 2019
Government, Business

Stocks Slide After Bond Market Warns Again of Recession

Trader on New York Stock Exchange Trader on New York Stock Exchange by Richard Drew/AP

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

Stan Choe | Associated Press
August 14, 2019
Government, Business

Yield Curves Invert in US, UK as ‘Doom and Gloom’ Spreads

Trader on New York Stock Exchange Trader on New York Stock Exchange by Richard Drew/AP

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.

August 14, 2019
Government, Business

German Economy Shrinks Amid Trade Concerns, Auto Woes

Cars at harbor in Bremerhaven, Germany Cars for export and import are stored in front of containers at the harbor in Bremerhaven, Germany. (Martin Meissner/AP)

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.

David McHugh | Associated Press
August 14, 2019
Government, Business

US Recession Concerns Rising With Trade War, Goldman Sachs Says

Nansha Port, China Port of Nansha, north of Hong Kong, by Qilai Shen/Bloomberg News

Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth.

Linus Chua | Bloomberg News
August 12, 2019
Government, Business

Chance of US Recession Rises to 35% Among Economists Surveyed

A board above the floor of the New York Stock Exchange President Donald Trump last week announced new tariffs on imported Chinese goods, to take effect Sept. 1, causing steep declines in global stock markets. (Associated Press/Richard Drew)

The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.

Catarina Saraiva | Bloomberg News
August 8, 2019