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Is The Economy Getting Better For You?

02/23/10

Is The Economy Getting Better For You?

  09:52:50 am, Categories: economy

I think we are all glad to see the end of 2009 and start a new year, in fact a new decade!

It is also nice to see some encouraging signs from the leading economic indicators in the first two months of this new decade. The numbers are up, 1.2% in January and 0.3% in February. Manufacturing increased by 0.9% in December and 1% in January. These figures are directly related to our industry; freight movement has also been improving.

I have the opportunity to speak with a wide variety of trucking companies, freight brokerages, and logistics companies each week, and while far from scientific, the mood in general is shifting. Spring may not quite be in the air, but optimism is, and it is infectious.

Trucking companies are purchasing trucks to replace older equipment and for expansion. In some cases, they are simply taking advantage of amazing deals on equipment. Some companies are refitting their operations with different types of trailers so they can meet their customers changing demands. Many are purchasing or expanding their transportation management systems to prepare for increased business as the economy continues to grow.

With the shake up in 2009, many people have been moving around in the industry, finding new employers, or starting up their own companies. The results of these changes and realignments will be significant as we move forward into 2010.

How has your new decade begun? How do you feel the trucking industry has changed in the last couple of years and where do you think it is going? What changes are you preparing for?

Kurtis Brown
TruckMaster Solution Provider
TruckMaster Your Trucking Company

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