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Article: Mild recovery on tap: consumers offset continued weakness in business spending. (Strategies for thriving in a tough economy).(Brief Article)
- Article from:
- Commercial Carrier Journal
- Article date:
- July 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Randall Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Carriers that have survived the recession should be well positioned for a modest rebound this year, but spiraling insurance costs still threaten many companies. That was the message Bob Costello, chief economist for the American Trucking Associations, delivered to attendees at this year's Randall Trucking Symposium in Tuscaloosa, Ala. Meanwhile, the truckload industry's financial troubles and consolidation in the past couple of years has, not surprisingly, resulted in a shift of truckload activity to larger carriers, Costello told Symposium attendees.
Costello said signs point to a mild economic recovery this year, and he cautioned trucking executives not to be ...