October 2015 Newsletter
Another year is flying by, the kids are back in school and Thanksgiving and Christmas will be here before we know it. As all of you know the economy plays a big role in the trucking industry and it has been somewhat of a roller coaster ride this year. The economist are a lot like the weatherman, with their forecast and predications, sometimes they get it right and other times they miss it all together. Last year most of the forecast we were hearing was that 2015 was going to be a strong year, but a lot of things have happened that cause it to not to materialize as it was thought it was going to be. The price for a barrel of oil dropped and caused massive shutdowns in the oil fi elds, scrap steel prices dropped, which caused a slow down on steel purchases, the dollar has remained strong which has caused an increase in imports from other countries (steel, lumber products, and etc.). All of this, among many other things has caused our economy to be very inconsistent this year. Well, now for some good news, the economists are forecasting a robust year for the economy in 2016, which should mean good times are in store for Trucking. Let’s hope they are on target this time with their forecast and 2016 is a great year for TRUCKING.
