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Few positive signs for freight

Published Friday, October 17, 2008

While the financial bailout bill may be a positive step towards economic recovery, freight is going through tough times not seen since the recession of 1982 with small fleets being hit the hardest, according to analysts speaking during a FTR Associates webinar today. “A lot has happened in the past few weeks and most of it isn’t very encouraging,” said Bill Witte, director of the Center for Econometric Model Research. “Our forecast is getting substantially more gloomy.” He added that while he considered the bailout bill a positive move as it directly injects ...

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