Expect a slower growth, but not a recession in 2020. Economic growth will depend on consumers’ ability to open their wallets wider in the coming year. Still, truckload pricing could reverse direction next year. Pickett’s Coyote Curve forecast predicts truckload spot rates may turn positive year over year as the coming first quarter rates match up against the weakest prices of 2019. Shippers are expecting contract truckload pricing in 2020 to come in lower or the same compared to 2019, but the first two quarters of 2020 are predicted to look a lot like 2019, with trucking picking up in the third quarter.

Click the link below for more information:

JOC: Truckload Pricing May Rise Even in Slow-Growth 2020 (William Cassidy, October 25, 2019).

 

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