Trucking Volume Linked to Future Spending Trends, Experts Say

Where and how consumers and businesses are spending money now, and how those habits might shift in the near future, will shape how the economy — and the trucking industry — will manage through the impact of the COVID-19 crisis, experts said.

“It will be interesting to see if the U.S. can snap back as we would like it to,” Ann Duignan, truck and equipment analyst for investment house J.P. Morgan, said during an April 2 conference call the company hosted with a panel of experts to discuss the nation’s economic outlook. “There will be tough times in the near term.”