Bob Costello News Updates

About Bob Costello News...

Follow Bob Costello’s insights and commentary on trucking and logistics with Transport Topics. As Chief Economist of the American Trucking Associations, Costello provides expert analysis on market trends, regulatory impacts and economic factors influencing freight transportation. Stay informed with Transport Topics for authoritative updates and perspectives that shape the future of trucking and supply chain management.

BusinessLogistics

Tonnage Robust as Demand for Trucks Grows

Truck tonnage in February was up nearly 6% compared with February 2017, according to American Trucking Associations’ monthly for-hire truck tonnage index. Tonnage is up 7.1% year-to-date, compared with the same two months in 2017.

March 20, 2018
BusinessLogistics

Tonnage Rise Pushes Spot Rates Higher

Truck tonnage rose 8.8% in January on a year-over-year basis, according to American Trucking Associations’ monthly for-hire truck tonnage index.

February 21, 2018
GovernmentBusiness

Trucking Market Strongest Since Deregulation, ATA Economist Bob Costello Says

NASHVILLE, Tenn. — The freight market is as strong as it has been since deregulation in the 1980s, according to American Trucking Associations Chief Economist Bob Costello.

February 14, 2018
BusinessLogistics

Truck Tonnage Surges 7.6% in November

Truck tonnage surged 7.6% year-over-year in November after a 10.5% increase in October, according to American Trucking Associations.

December 19, 2017
BusinessLogistics

ATA Tonnage Index Jumps 8.2% in August

Truck tonnage took a healthy 8.2% step up in August, perhaps driven by hurricane preparation work and port shipping, American Trucking Associations said Sept. 19.

September 19, 2017
BusinessEquipmentLogistics

ā€˜American Truck Trends’ Quantifies Size of Industry

U.S. trucks moved more than 70% of the nation’s freight last year, and the companies that owned those vehicles employed 7.4 million people, according to a new publication from American Trucking Associations.

August 16, 2017
Logistics

ATA Forecasts 2.8% Freight Growth for 2017, 3.4% Rise Through 2023

American Trucking Associations predicts that freight volumes will grow 2.8% this year and then 3.4% per year through 2023,

July 19, 2017
Business

ATA's Bob Costello: Better Year in Store for Trucking

NASHVILLE, Tenn. — After the trucking industry endured what he termed ā€œa freight recessionā€ last year, American Trucking Associations' chief economist, Bob Costello, predicts a rosier 2017.

February 24, 2017
Business

Better Roads Could Help Fleets Keep Drivers by Improving Productivity, ATA’s Costello Says

NASHVILLE, Tenn. — Federal officials should focus more on efforts to reduce traffic congestion along the country’s main roadways, a move that would help retain drivers across the trucking industry, American Trucking Associations Chief Economist Bob Costello said.

February 22, 2016
Business

U.S. Economic Growth Expected to Accelerate, ATA Says

The U.S. economy will accelerate during the remainder of this year after a tough first quarter, but rising operating costs will continue to limit fleets’ profitability, according to the latest forecast from the chief economist at American Trucking Associations.

June 12, 2014