Full speed ahead for economy, trucking in 2018

From Transport Topics.

Trucking firms are revved up for 2018, with predictions of tight capacity and strong demand for freight hauling setting the stage for an anticipated big year ahead for the industry, and indicators pointing to a potentially sustained period of business expansion in the United States and around the globe.

That confidence is boosted by the expectation that Congress’ efforts on tax reform will lead to a friendlier regulatory environment for trucking, with uncertainty regarding health care reform and trade negotiations doing little to tamp down enthusiasm.

Congress and the Trump administration also have indicated they will finally begin consideration of a long-awaited infrastructure funding proposal in January.

“Business people are giddy with excitement as business conditions and confidence are at their highest level since the Great Recession,” said Don Ake, a trucking industry analyst at FTR Transportation Intelligence in Bloomington, Ind. “CEOs all the way down to factory workers are hopeful the economy has broken through seven years of the slow-growth recovery and will get even better in the future.”

See the full story from Transport Topics online.