Market Indicators Say Trucking Industry Will Grow Slowly in 2020
United World Transporation
NOVEMBER 21, 2019
Many experts are noting that there is a slowdown coming for global trade into 2020. The good news is that it isn’t at recession levels. But the US and Canadian economies are expected to grow in 2020 by less than 2%; not a robust amount by any means. A reliable and valued economic indicator, known as the Cass Freight Index accurately measures trends in North American shipping activity; it’s based on $28 billion in paid freight expenses for the Cass customer base of hundreds of large shippers.
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