Signs of economic improvement found in the trucking industry
Proof that America is not headed towards a double-dip recession might be found in America’s trucking industry, which continues to grow and give economists hope that the country’s economy is truly turning the corner.
Unemployment is still high and more jobs are needed, but many trucking carriers have more jobs than they know what to do with and the growth of the commercial trucking industry demonstrates that the economy is still moving forward as demand for shipping remains high.
“I continue to believe the economy will skirt another recession because truck tonnage isn’t showing signs that we are in a recession,” ATA Chief Economist Bob Costello said in a press release. “Tonnage is suggesting that we are in a weak growth period for the economy, but not a recession.”
Costello points out that prior to the two previous recessions the trucking industry suffered from a sharp decrease, but the opposite is happening as truck demand continues to grow. The success of the commercial trucking industry is seen as the light at the end of the tunnel for the country’s economy and many economists say there may be no better gage of America’s economy and tis potential than the trucking industry.
For many unemployed or underemployed Americans a career as a professional truck driver is seen as an attractive option. It is one of the few sectors experiencing growth and more drivers will be needed for several years to come.
Students in the Truck Driver Institute’s CDL training program are given professional training on actual trucks and are given the chance to start a career in this industry that is bucking national trends every month.