Bob Costello, chief economist for the ATA, was just on CNBC this afternoon & said that tonnage & loads were down 25% last year. He said at least that many jobs were lost ( co. & o/o ); but the economy is finally turning around, & companies will be adding trucks & drivers to move the holiday & seasonal freight. No, he doesn't think the jobs will be temporary.
68.8% of the nations freight is moved by truck; 83.3%, or $660B, of transportation's annual income is from trucks.
Yea, yea, I know, as soon as we see ATA, our fangs come out & we're ready to fight. This guy is an economist; he doesn't care about the DOT, the govt, parking or our personal problems. He crunches the numbers, & they're either there or they aren't. He bases any prognosis on historical summaries,& he says the numbers are there.
Investors believe it too. The truckers' stocks are on the rise.They're up 3.92% year-to-date.
Tomorrow you can go to CNBCTV.com & on the left side click on "Street Signs". Then scroll down the video clips to the story.
ATA Economist on jobs outlook
Discussion in 'Truckers News' started by B1TOMA, Mar 25, 2010.
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