recession News Updates

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.

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.

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.

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.

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.

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.

ORLANDO, Fla. — Freight brokerage and third-party logistics firms can expect another year of positive business growth before facing an increased threat of recession, according to economist Noel Perry.