Freight continues to see growth despite drop of GDP

Although the gross domestic product (GDP) has begun to decrease, the freight industry is remaining strong, causing investors to believe that an economic recovery will remain on track.

Fleet Owner reports that although government spending has dropped during the first quarter, the GDP has actually been growing, which includes the freight industry.

"As far as freight goes, we continue to see things moving in the right direction," Kenny Vieth, president and senior analyst for ACT Research Company, told the news provider. "There's room to build inventories, which drives shipment volumes, and we continue to see demand from the right sectors of the economy."

Additionally, the news provider reports that analysts are also looking at the growth of the manufacturing industry, which could play a role in the increase of the freight sector.

For those who are looking to get into the sector, it may be a good idea to enroll in freight management training in order to determine how the market will fare in comparison to outside factors such as the GDP.

Freight continues to see growth despite drop of GDP

Wednesday, May 4th, 2011