Follow us on Twitter!
Blog Header Logo
DG&A's Transportation Consulting Blog
Subscribe to this list via RSS Blog posts tagged in Freight Recession

Are We Heading Into Another Freight Recession?

Posted by on in Economy

b2ap3_thumbnail_dreamstime_l_141925828.jpg

 Global Economic Outlook

Early this month, the International Monetary Fund downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. U.S. trade talks with China continue without resolution, and there are indications that the rate of Chinese economic growth is slowing. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That would match 2016 for the weakest year since 2009. In its previous forecast in January, the IMF had predicted that international growth would reach 3.5% this year.

U.S. Economic Outlook

Economists expect U.S. first-quarter growth to decelerate less than previously thought even as they cut forecasts for the rest of the year, projecting a second-quarter rebound will fade as the effects of tax cuts wane. The median estimate for growth in the first three months of the year increased to 1.6% from 1.5% seen last month, according to an April 5-10 Bloomberg News survey. At the same time, forecasts for the second quarter held at 2.6% while those for the third edged down to 2.2% and were lower for the fourth, at 2%.

...
Hits: 2644
0
Continue reading 0 Comments

b2ap3_thumbnail_dreamstime_xl_29879537.jpg

These are tough times. In a recent issue (February 22, 2016) of the Journal of Commerce, the headline was “Is the US in a Freight Recession?” If a freight recession is defined as two or more consecutive quarters of year/year declines in freight volumes, parts of the US and Canadian transportation economy are certainly there. While we aren’t back into the Great Recession of 2007-2008, there has been a pronounced slowdown in business activity. Trucking industry executives confide that business volumes have tapered off.

This is when leaders are put to the test. Here are some thoughts on how to lead an organization through tough times.

1. Be Visible and Communicative

Don’t hide in your office all day in closed door meetings.  This is sure to unnerve your employees. Be visible and try to maintain a “business as usual” demeanor. Employees pick up on every change in behavior by its leadership team.

...
Hits: 2684
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

Business Development computer security Inbound Transportation robotics CITA Shipper Pulse Survey Broker driver pay Truckload risk management hiring process Canada Geopolitics Canada U.S. trade broker bonds Coronavirus Anti-Vax Canada's global strategy BNSF Education Emergent Strategy shipper-carrier contracts YRCW transportation news Conway Accessorial Charges network optimization Fire Phone Freight contracts EBOR freight forwarders David Tuttle home delivery shipper-carrier collaboration freight payment freight audit truck capacity selling trucking companies Twitter Business skills Regina Business Strategy freight agreements Loblaw Ferromex Cleveland Cavaliers ProMiles laptop US Auto Sales freight transportation Sales Strategy JB Hunt freight costs peak season Transcom Fleet Leasing Canadian Protests Training energy efficiency Uber Freight US Housing Market Transport Capital Partners (TCP) Freight Rates Success failure entrepreneur NS rail safety Blockchain Canadian freight market routing guide autos pipelines FMCSA Retail Canada-U.S. trade agreement YRC Trump Crude Oil by Rail Sales coaching Warehousing Masters in Logistics shipper-carrier roundtable Canadian economy fuel surcharge intermodal mentoring Entrepreneur computer Harper Davos speech Doug Davis Canadian truckers supply chain management Dan Goodwill computer protection Job satisfaction $75000 bond consumer centric e-commerce recession Werner Freight Carriers Association of Canada CN freight cost savings Government Facebook NMFC Outsourcing Sales the future of transportation Dedicated Trucking freight audit CN Rail Associates freight marketplace Doug Nix Blogging Transportation Crisis management Digital Freight Networks shipping wine TMP Worldwide Driver Shortage Life Lessons Muhammad Ali Leafs Freight Management business security Comey CSA driver shortages CRM Freight Recession USA Truck Map-21 Otto Social Media in Transportation RFP professional drivers Keystone Pipeline autonomous vehicles Yield Improvement online shopping LCV's Hockey Donald Trump Sales Training freight RFP Driving for Profit cheap oil Grocery Online grocery shopping University of Tennessee Distribution 2014 economic forecast Covid-19 CSX truck drivers FuelQuest small business Canadian Transportation & Logistics future of freight industry Adrian Gonzalez Deferred Packaging Packaging Load broker transportation audit FCPC 2013 Economic Forecast Railway Association of Canada MPG APL Global Transportation Hub home delibery IANA Transportation Buying Trends Survey capacity shortage dark stores financial management Climate Change Training New Hires Right Shoring Politics Management cars China marketing Infrastructure Amazon last mile delivery Social Media Surety bond Freight Shuttle System dynamic pricing bulk shipping digital freight matching freight rate increases Tariffs Carriers Freight Matching carrier conference Electric Vehicles Spanx Justice Leadership derailments small parcel 2014 freight volumes buying trucking companies Celadon natural disasters CP Rail US Economy CSA scores economic forecasts for 2012 business start-up trade Microsoft freight transportation in 2011 Schneider Logistics freight broker Toronto Finance and Transportation asset management Freight President Obama Habs automation Reshoring transportation newspaper capacity shortages MBA 2012 Transportation Business Strategies. Jugaad UP freight payment Impeachment Load Boards shipping Hudsons Bay Company 2014 freight forecast economic outlook LinkedIn Scott Monty Shipper Dedicated Contract Carriage truck driver Failure Rail Consulting Rotman School of Business Retail transportation Sales Management Digitization freight bid Wal-Mart Trucking broker security solutions provider KCS trucking company acquisitions NAFTA freight transportation conference Business Transformation Strategy Tracy Matura Bobby Harris Colilers International New York Times FMS Horizontal Supply Chain Collaboration 3PLTL 2015 Economic Forecast ShipMax drones dimensional pricing customer engagement LTL cyber security USMCA Rate per Mile 360ideaspace Derek Singleton Software Advice driverless FCA technology driver Global experience Transplace Trucker Protest Search engine optimization Whole Foods 3PL Career Advice Freight Capacity Transportation service Omni Channel US Election Value Proposition tanker cars TransForce Transloading economy TMS Montreal Canadiens Toronto Maple Leafs employee termination Success NCC BlueGrace Logistics ELD US Manufacturing Stephen Harper Trade Vision General Motors Swift

Blog Archives

March
February
December
October
September
August
June
May
April
March
January