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By the end of last year, many economists forecasted a 50-50 chance of a recession in the U.S. and abroad in 2023. What is the state of the U.S. economy today? The latest reports show that inflation may be cooling but speedbumps remain in the path to a healthy freight economy. The driver shortage has eased, largely due to reduction in demand, but retention remains a structural issue that is not unique to the U.S. While a temporary agreement has been reached between port workers and management, the disruption at the West Coast ports has caused East Coast ports to gain in market share. How far do we still have to go to for domestic economic recovery? ATA Chief Economist Bob Costello joins Dan Ronan to share his outlook on today's freight economy and what fleets need to know to navigate the rest of the year.
