Considering interest rates, inflation, fuel prices, fleet sales, vehicle values, and other factors, the prevailing theme is moderation. Is this what a “soft landing” looks like?
NTEA’s economist Steve Latin-Kasper tracks the economy’s leading indicators and how sales and shipments for commercial vehicles are trending for 2023.
While the overall economy grew at a steady rate in the second quarter, the transportation segment lagged behind as demand for goods and their subsequent transportation of goods was much weaker than in other sectors.
Speaking about the impact of Hurricanes Harvey and Irma at the FTR Transportation Conference, analysts estimated that the economic impact on the region could cost GDP 0.5% in the third quarter of 2017.
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