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.
More from Opinion
Morgan Stanley Looks Like a Buy Following Impressive Q3 Execution
In the third quarter, Morgan Stanley provided evidence that it can deliver strong results, even when the macroeconomic landscape seems far from ideal.
Goldman Sachs: Should You Bet on Its Business Transformation?
Goldman Sachs is a higher-risk, higher-reward play that bargain hunters looking for a potentially successful business model transition story might want to consider.
PepsiCo: The Unlikely Growth Story Continues to Roll
Given the combination of solid execution, strong fundamentals and the diversification benefits of the stock, PepsiCo looks like a compelling buy following the company's strong third quarter earnings report.
There Will Be No Economic Collapse From a No-Deal Brexit
The EU can have Brexit and keep zero tariffs, which ought to be obvious.
Citigroup: Tread Carefully Around Bank Stocks Ahead of Earnings Season
Citigroup will probably have the robustness of global consumer activity to help it support financial results in the third quarter. But the current interest rate environment and a soft institutional services business pose significant challenges for the New York City-based mega bank.