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The trucking industry is expected to slowly improve next year even as market headwinds and uncertainty leave many unknowns heading into 2025.

The final December sentiment index increased to 74 from 71.8 last month, according to the University of Michigan. The median estimate in a Bloomberg survey called for a reading of 74.2.

Over the past two and a half years, the trucking industry has persevered through a freight rate recession amid an oversupply of capacity while also navigating supply chain disruptions and uncertainty. When will freight rates rebound, and how much recovery can we expect?

Vice President Kamala Harris and former President Donald Trump delivered their closing arguments to voters heading into Election Day as their campaigns draw to a conclusion.

WASHINGTON — America’s employers added just 12,000 jobs in October, a total economists say was held down by the effects of strikes and hurricanes that left many temporarily off payrolls.

WASHINGTON — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

The average level of trust in the Fed’s ability measured 3.2 on a scale of 1 to 7, with 7 representing the highest trust. The authors also found a political divide among respondents.

American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance. 

A goal of sub-$2 gasoline, last seen during the pandemic shutdown that caused demand to collapse, would be difficult to achieve, since presidents have little control over pump prices.

Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections.