There is increasing outbound tender rejections. Other 2020 Freight And Trucking Market Facts The Electronic Logging Device Mandate And Other New TechnologiesĪll these factors as well as tariffs and trade negotiations between China and the United States influence the transportation industry outlook for 2020. Some factors that may have a large impact include:Ĩ. are major factors, there are other important factors that could play a role in the fortunes of and outlook for the trucking industry in 2020. While tariffs and the trade kerfuffle between China and the U.S. There are several factors that contributed to the trucking industry having a down year in 2019 and that affects the freight outlook for 2020. Factors Affecting Freight Outlook For 2020 That bodes well for truckers even though some economists expect GDP growth to slow by 1.8% in 2020. However, progress is being made in trade talks between China and the United States that has trucking industry experts optimistic the volume of trade between these economic behemoths in 2020 will eclipse the numbers for 2019. and China and it had a negative impact on the income for trucking companies. In 2019, there was a disruption in trade between the U.S. trade billions of dollars in goods each year and rely on the trucking industry to transport them to their destinations. Modest homecoming beautystic coat Improved Trade NegotiationsĬhina and the U.S. However, industry experts see promising signs of improved trucking income in the second half of 2020. The trade kerfuffle between China and the United States and the resultant threats of increased tariffs on billions of dollars worth of imported goods was partly to blame. In 2019, many carriers experienced reduced revenue streams due to falling demand and reduced freight rates precipitated by lessened shipping volume. The trucking industry plays a very important role in economic stability and growth in the United States and around the world.
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