This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Report Sees Slow Freight Recovery Through 2021

ARLINGTON, Va. (AP) â¿¿ Researchers working for a trade group representing the nation's truckers say freight shipments will rise 25 percent by 2021, suggesting a prolonged recovery from the recession.

Freight shipments fell by 12.5 percent last year alone.

The study was done for the American Trucking Associations by IHS Global Insight and Martin Labbe Associates, which also estimated that freight transportation revenue will grow 69 percent by 2021.

Trucking operators have suffered in recent years from overcapacity and competition from railroads. But the study done for the trucking industry predicts that by 2021 truckers will increase their share of tons shipped to 70.7 percent from 68 percent last year while the railroads' share will fall to 14.1 percent from 14.7 percent.

The researchers made assumptions about the broader economy, including a modest expansion of consumer spending and only a slow decline in unemployment, to 6.7 percent by late 2015, about 2 percentage points higher than the rate before the recession.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
ABFS $38.24 -0.03%
CHRW $64.56 0.89%
FDX $169.62 -0.11%
JBHT $87.22 0.37%
KNX $29.32 0.38%


DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.27 -9.19 -0.44%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs