As 2020 begins, the signs are mixed for trucking. Expectations for an environment marked by weaker freight demand, pressure on profitability, higher-priced diesel and falling truck and trailer production mix with lingering talk in some circles of a possible recession. An uncertain national political environment could also chill business outlooks.
At the same time, hopeful signs are appearing — U.S.-China tariffs appear to be getting sorted out and a new trade agreement vital to trucking is on tap. And despite the nearer-term outlook, equipment suppliers continue to invest for better times.