ATA economist Bob Costello cites macroeconomic “return to normalcy” as a promising sign for trucking amid stagflation and private fleet growth.
Bob Costello, chief economist and SVP at the American Trucking Associations, joins the show to discuss the many factors compounding the driver shortage as the pandemic continues.
Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns. […]
Bob Costello expects many trucking companies to go out of business before the economy recovers from the recession caused by the coronavirus pandemic.
There isn’t a driver shortage. In fact, there is a glut of capacity on the road, and not enough freight to haul.
Bob Costello still believes in the driver shortage.
Report asserts industry needs to hire 1.1 million new drivers over the next decade.
