Industry Favorite, Noel Perry, Talks 2019 Freight Economy Predictions

Industry Favorite, Noel Perry, Talks 2019 Freight Economy Predictions

Freight economist Noel Perry (Transport Futures) provided some predictions and facts for what’s ahead in capacity, trade, and the end of a nine-year economic recovery period.

Excerpt:

When GDP rises above four percent, freight grows and the truck market tightens. Two positive details of the Census Bureau’s release correlate to strong freight growth: a healthy rise in goods production and a trade balance improvement. Two negatives are weak investment and inventory liquidation.

The positives easily outscored the negatives, so growth was strong for both GDP and freight. Freight grew by 8 percent in the first half of 2018, according to the American Trucking Associations, a number consistent with the GDP release.

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