Economics

Trucking is an indicator of the overall health of the United States, while domestic and international economic developments can alter the industry’s outlook in an instant. From Wall Street to Main Street, this category focuses on what it all means for your business.

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Latest from Economics

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bobtail truck in Oregon
May 9, 2025
Ripple effects of Trump's tariffs are approaching the trucking industry. Tractor sales are falling and port traffic will soon slow down due to weak import/export demand. But small...
UPS
UPS layoffs
May 1, 2025
The nation’s second largest for-hire fleet will cut roughly 20,000 jobs over the next few months, according to its Q1 earnings report. The company is cutting about 4% of its workforce...
Old Dominion Freight Line Inc.
odfl_truck_3
April 24, 2025
The LTL carrier’s tons per day fell more than 6% in the first quarter, but activity has “come back pretty consistently.” Leaders are trimming their capital spending plans.
Josh Fisher | FleetOwner
A Mack Truck on the Lehigh Valley Operations production line in March.
April 18, 2025
Tariff, regulatory, and other market uncertainties are causing new truck demand to drop. In response, Volvo Group plans to lay off hundreds of workers in Maryland, Pennsylvania...
Oleh Bilovus | Dreamstime.com
According to ACT Research, Trump's tariff policies create economic uncertainty for trucking.
April 16, 2025
At the start of 2025, ACT Research analysts said the U.S. faced a 20% chance of recession. But those fears rise as ‘presidential flip-flopping’ creates more business risk and ...

Latest From Economics

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Tractor in sunset, afternoon respite