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
Business

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 | AP Business Writer
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
Government, Business, Logistics

World Economy Edges Closer to Recession as Trade Woes Spread

Truck Qilai Shen/Bloomberg News

The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.

August 7, 2019
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
Government, Business

Blackstone Group CEO Stephen Schwarzman Sees US-China Deal, No Sign of Recession

Stephen Schwarzman, CEO of Blackstone Group LP (Patrick T. Fallon/Bloomberg News)

The CEO of the world’s largest alternative asset manager is confident the United States isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview April 18.

Heather Perlberg | Bloomberg News
April 18, 2019

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