News, Interviews, and Happenings From The Trucking World

Sorted By:


Trucking News (16) Trucking Industry Concerns (10) Driver Responsibilities (8) Advice For New Truck Drivers (7) Truck Driver Safety (7) Safe Driving Tips (6) Hard Lessons Learned (6) Life On The Road (6) FMCSA (5) Adverse Conditions (5) Changing Careers (4) Choosing A Trucking Company (4) Truckers Technology (4) Truck Driver Salary (4) TMC Transportation (4) Becoming A Truck Driver (4) Truck Driver Training (3) Getting Your CDL (3) Trailers (3) First Solo Months On The Road (3) Driver Solutions (3) Truck Equipment (3) Autonomous Trucks (3) Understanding The Laws (3) Hours Of Service (3) Trip Planning (3) The Economy And Politics (3) CDL Qualifications (2) Truck Maintenance (2) Guns In Trucking (2) Trucking Accidents (2) CR England (2) PAM Transport (2) CDL Training (2) DOT (2) Electric Semi (2) Self-Driving Vehicles (2) Truck Driving Lifestyle (2) Health Concerns (2) Medical Certification (2) Dispatcher Issues (2) Dry van (2) Doubles and Triples (1) Safe Haven (1) CDL Pre-Hire (1) Older truck drivers (1) Exercise and Fitness (1) CDL Exam (1) LTL Driving (1) Roehl Transport (1) Truck Driving Stories (1) Owner Operator (1) Swift Transport (1) Prime Inc (1) Maverick Transport (1) Recruiter Issues (1) Crete Carrier (1) Werner Enterprises (1) CDL Test Preparation (1) Choosing A Truck Driving School (1) Sleep Apnea (1) Pre-trip inspection (PTI) (1) JB Hunt (1) Drug and Alcohol Testing (1) DOT Physical (1) Dealing With The Boss (1) Videos (1) Firearms (1) Weapons (1) Truck Stops (1) Return-to-Duty (1) SAP (1) Logbook Questions (1) Regional Jobs (1) Women In Trucking (1) Dealing With The Weather (1) On The Road In Training (1) Company Trainers (1) Company Sponsored CDL Training (1) NYC (1) Free CDL Training (1) Items To Bring On The Road (1)



Number of cargo thefts is down; but dollar value about the same 2/18/2019 Friday Short Haul -- Crossing the border, CA sues FMCSA, Lobbying against larger trucks 2/15/2019 Detention - A problem still in search of a solution 2/13/2019 February Highway Angels honorees named 2/11/2019 Friday Short Haul -- C.R. England announces pay raises, eCommerce impact on trucking, TCA announces best fleets 2/8/2019 Is a guaranteed minimum pay the solution to the driver shortage? 2/6/2019 Long CDL testing wait times cost economy billions of dollars; not helping driver shortage 2/4/2019 Friday Short Haul -- Walmart hiring, Uber Freight App, Speed-limiter Law, America's Road Team 2/1/2019 Cranking -- The Good, The Bad, and the Ugly 1/30/2019 California survives challenge to its low-carbon fuel standards 1/28/2019 Friday Short Haul - Highway robbery ... autonomous trucks ... new trailers 1/25/2019 LithiumHub enters jump-starter market with Jumpbooster JP30 1/23/2019 2019 Looks Good For The Transportation Industry 1/21/2019 Raymond Burt named TMC Trainer of the Month for February 2018 3/28/2018 TMC Transportation Announces Recipient of Prestigious Wheel Master Award 3/7/2018 TMC Transportation Named The Home Depot’s Flatbed Carrier of the Year For Fourth Straight Year 2/28/2018 Pay Raises & New Peterbilts for PAM Drivers 2/26/2018 New DOT Drug Testing Rules Effective Jan 1, 2018 1/11/2018 Amtrak Derailment: Trucks Haul 270,000 Pound Locomotive Engine During Cleanup 12/21/2017 Pepsi Places Largest Order Yet For Tesla Electric Trucks 12/12/2017 Kavin Hallett named Trainer of the Month for October 2017 12/8/2017 Over 100,000 Truck Drivers Likely Have Undiagnosed Sleep Apnea And More Testing Is On The Way 8/10/2017 Drivers Share Their Best Tips, Tricks, And Secrets For Life On The Road 7/18/2017 Drivers Are Losing Money By Taking The Wrong Approach 7/13/2017 Truckers and Guns: What Is and Is Not Legal 7/6/2017 Preparing To Go Solo For The First Time? Experienced Drivers Share Their Best Advice 6/29/2017 The Truck Stop Survival Guide: Advice From Experienced Drivers 6/15/2017 The Worst Cities For Traffic In The U.S. For 2017 6/8/2017 We Ask Drivers How They Would Make The Logbook Rules Better 5/30/2017 Self Driving Trucks Are Not Coming Anytime Soon 5/25/2017

2019 Looks Good For The Transportation Industry

Dave Wickenhauser on Mon, January 21, 2019

Last Updated: Mon, February 4, 2019

Despite an economic decline in some sectors in 2018, particularly in December, the transportation industry continues to show economic expansion.

This news comes from December's Cass Information Systems Freight Index Report.

“The uninfluenced-by-human-emotion hard data of physical goods flow confirms that people are still making things, shipping things and buying/consuming things, perhaps not at the scorching pace attained earlier this year, but still at an above-average pace,” according to Donald Broughton, founder and managing partner of Broughton Capital, a deep data-driven quantimental economic and equity research firm.

Broughton adds, however, that there are two factors worth keeping an eye on:

  • The tariff situation, particularly with China, the world's second-largest economy could throttle growth in some industries if resolution is not found soon.
  • Dropping prices for WTI crude may influence incentive to continue to explore and drill more holes, essentially impacting growth in the industrial economy.

But Broughton added that a recent price rally for crude "makes us more confident in our positive outlook for the U.S. industrial economy and less worried about global demand."

Broughton said that 2018 was an "extraordinarily strong year for transportation and the economy," and that demand continues to exceed capacity in most modes of transportation.

Other industry spokespeople say that growth in 2019 might not keep going in a straight line from the expansion experienced in 2018, but that there are several factors indicating continued growth at least into the first half of 2019.

American Trucking Associations Chief Economist Bob Costello says that there is no reason why 2019 shouldn't continue on with the second-largest economic expansion in history, adding, "There's no reason it shouldn't be the longest." He cites gross domestic product numbers of 3.5 percent in the third quarter of 2018 as "nothing to sneer at."

Costello points to other signs indicating a reason to be optimistic about the trucking industry in 2019.

  • Freight volume is up and rising from stagnant levels in 2016.
  • Because of low truck supply and increasing freight demand trucking companies are ordering more new trucks every year. Manufacturers received more than 300,000 orders for new trucks in 2018, and Costello sees this trend continuing into 2019.
  • Freight rates continue to rise. He said that early in 2018 freight rates increased some 15 percent per mile. “We’ve never seen numbers like this,” he said.

2019's outlook is particularly optimistic for people considering entering the driver workforce. That's because as 2018 rolled into 2019 there was a 52,000 driver shortage nationwide ... and that number is expected to increase.

According to CDS Tractor Trailer Training, the driver shortage and the fact that consumer demand for goods continues to increase means that anybody who can acquire a CDL will have no problem finding a job as a driver.

This continued driver shortage is resulting in higher truck driver pay and companies enticing drivers with more benefits. Also, companies are looking to recruit more women drivers and are even lobbying for relaxed regulations prohibiting 18-20-olds from driving outside of their home states.

Costello summed up the outlook for 2019:

“Not since we’ve come out of the Great Recession in 2010 have all of these economic factors come together to provide an environment where freight is this solid,” Costello said.

"This strong economic climate for trucking could continue for the next 18 months or more."

Sources: The Trucker, Trucking Info, Trucks, CDS Training

Tagged Under:

Changing Careers Choosing A Truck Driving School Choosing A Trucking Company Getting Your CDL Regional Jobs The Economy And Politics Trucking Industry Concerns Trucking News Women In Trucking

Join Us!

We have an awesome set of tools that will help you understand the trucking industry and prepare for a great start to your trucking career. Not only that, but everything we offer here at TruckingTruth is 100% free - no strings attached! Sign up now and get instant access to our member's section:
High Road Training Program Logo
  • The High Road Training Program
  • The High Road Article Series
  • The Friendliest Trucker's Forum Ever!
  • Email Updates When New Articles Are Posted

Apply For Paid CDL Training Through TruckingTruth

Did you know you can fill out one quick form here on TruckingTruth and apply to several companies at once for paid CDL training? Seriously! The application only takes one minute. You will speak with recruiters today. There is no obligation whatsoever. Learn more and apply here:

Apply For Paid CDL Training

About Us

TruckingTruth was founded by Brett Aquila (that's me!), a 15 year truck driving veteran, in January 2007. After 15 years on the road I wanted to help people understand the trucking industry and everything that came with the career and lifestyle of an over the road trucker. We'll help you make the right choices and prepare for a great start to your trucking career.

Read More

Becoming A Truck Driver

Becoming A Truck Driver is a dream we've all pondered at some point in our lives. We've all wondered if the adventure and challenges of life on the open road would suit us better than the ordinary day to day lives we've always known. At TruckingTruth we'll help you decide if trucking is right for you and help you get your career off to a great start.

Learn More