Glasgow Daily Times, Glasgow, KY

Business

June 15, 2012

Truckers as leading indicator show stable U.S. growth

(Continued)

Further, forecasts for FTR's loadings index suggest activity will return steadily to 2007's pre-recession levels by late 2014, Starks said. The index has risen 12 percent from a 16-year low of 103.5 in December 2009, six months after the 18- month slump ended, the data show.

"We probably won't get a new peak for another couple years," Starks said. "But the data is clearly showing that we're also not entering any sort of recessionary environment at the moment."

Text Only
Business