Despite all the layoffs and cutbacks in most sectors of the economy, at least one trucking industry analyst predicts better days ahead.
Noel Perry of FTR Associates says the yearlong period from the second quarter of this year to the second quarter of the next will be the worst 12 months in 30 years in terms of transportation demand.
But Perry told Reed Black on Land Line Now that in the second half of 2009 the bleeding should stop.
“Well, we've never had a bad recession that the actual shrinkage part lasted more than four quarters,” Perry said. “Now, we do not expect the economy to accelerate until at least sometime in 2010.”
Perry says that, by 2010 he expects to see actual growth in the trucking industry.
– Staff Writer Reed Black contributed to this report.