How could the federal spending bill impact trucking? And what market trends should you be watching? ATA Chief Economist Bob Costello joins Seth Clevenger to break down current economic conditions and deliver his outlook for the back half of 2025 and beyond.
June 25, 2025Economy News Updates
World Bank Warns 2020s Face Weakest Global Growth Since ’60s
The World Bank on June 10 cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade since the first Apollo moon landing.
June 10, 2025Trump Trade War to Hobble US Growth, OECD Says
U.S. economic growth will slow to 1.6% this year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers frozen by uncertainty.
June 3, 2025UN Forecasts Slower Global Economic Growth
The United Nations on May 15 forecast slower global economic growth this year and next, pointing to the impact of the surge in U.S. tariffs and increasing trade tensions.
May 16, 2025Economy Shrinks 0.3% in Q1, the First Drop in Three Years
The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump imposed massive tariffs.
April 30, 2025A Time of Uncertainty for Logistics Providers
After a year of modest growth in 2024, third-party logistics providers are facing uncertainty for the future with volatile economic conditions expected to persist.
April 10, 2025Trucking Market Shows Signs of Recovery After Long Downturn
Trucking is emerging from a difficult period, and the headwinds that have plagued the industry are beginning to weaken as freight volumes improve and capacity leaves the market.
March 21, 2025Trump’s Trade Wars Tip World to Slower Growth, OECD Warns
The Organization for Economic Cooperation and Development predicted the pace of global expansion to slow to 3.1% this year, with annual expansion in the U.S. wilting to 1.6% next year.
March 17, 2025Consumer Spending Falls as Inflation Indicator Rises
The Federal Reserve’s preferred measure of underlying inflation rose at a mild pace in January, while consumers pulled back on spending.
February 28, 2025Tariffs on China Might Hurt US Economy More Than Expected
New research suggests President Donald Trump’s latest tariffs on imports from China could hit the American economy more than official U.S. trade data indicate.
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