Statistics show trucking industry growth and overall economic expansion
How the trucking industry is fairing often sends signs to officials about the overall state of the economy. According to North County Times, experts were worried about another tough recession-like period ahead, but recent data shows that freight hauling requests are booming and industries may be recovering.
When more demand for transporting material occurs, it shows up in the trucking industry and causes a boom. This occurrence illustrates the overall need of production and supplies, which can help experts determine if the overall economy is doing well or faltering. A new chart presented by the University of California Los Angeles Anderson Forecast shows that the October index of freight haul is improving, especially in California.
"A double-dip recession is now in the trash basket," Ed Leamer, UCLA Anderson Forecast director, said in a statement.
Truckers who have recently completed their CDL training can be assured through these statistics that truck driving is in high demand. Those looking for employment should check out positions available in successful states, such as California, which may have ample opportunity in their transportation sectors.
Monday, November 14th, 2011
How the trucking industry is fairing often sends signs to officials about the overall state of the economy.