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The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers.

The freight market has remained choppy, with demand not demonstrating any clear patterns during the month of May, American Trucking Associations reported June 24.

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.

Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.

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.

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.

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.

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.

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.

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.