With international trade accounting for 20–25 per cent of US surface freight, ACT Research has predicted that tariffs will prolong the for-hire freight downturn.
While recessionary effects are yet to peak, higher equipment costs may later tighten capacity and aid recovery.
ACT’s Tim Denoyer warns that brisk retail sales will reverse as tariffs raise prices, impacting demand and trucking industry supply.
While recessionary effects are yet to peak, higher equipment costs may later tighten capacity and aid recovery.
ACT’s Tim Denoyer warns that brisk retail sales will reverse as tariffs raise prices, impacting demand and trucking industry supply.
