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Booming Trucking Prospects For The Year Ahead

Between weak economic growth and a significant freight recession, 2016 wasn’t the best of years for the trucking industry. Fortunately, thanks to a healthy economy and rising freight demands, all that seems poised to change in 2017. If you would like to learn more about this positive forecast for the year ahead, read on. This article will two key factors to look forward to.

Increased Van Demand

According to Bob Costello, the American Trucking Associations’ chief economist, current consumer goods consumption growth bodes well for the trucking industry. That’s because an increase in the sale of home goods inevitably leads to a positive increase in van demand. A healthy housing market also improves prospects for the trucking industry, since new home construction means increasing work opportunities for building-materials haulers. These factors should have direct and significant effects on both overall freight volume and trucker pay. 

Flatbed Stabilization 

Things aren’t only looking up for the van segment of the trucking world. Positive growth seems to be impacting the flatbed market as well. This has to do with increasing development in the oil and gas industries, which are reliant on machinery and equipment commonly hauled on flatbed trucks. A lot of this growth has been tied to market enthusiasm around higher crude oil prices. It is a well established fact that when the oil and gas industry is booming, all aspects of the trucking industry benefit as well. 

For more information about how you can capitalize on the improved trucking prospects for 2017, feel free to contact the industry experts at National Truck Sales.