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Freight Running “Bullish”

Published Thursday, November 04, 2004

Recent economic reports point to a rebound in consumer spending, double-digit growth in capital investments, and a buzzing manufacturing sector. That means the freight outlook continues to be decidedly bullish through the beginning of ’05. Despite some indications of a summer slowdown in the economy, an advance estimate of gross domestic product (GDP)— the most comprehensive measure of the U.S. economy— says that the economy expanded at a faster rate in the third quarter than the second. GDP advanced at an annual rate of 3.7% in the third quarter, compared to a 3.3 increase posted in the previous ...

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