recession News Updates

GovernmentBusiness

Recession Began in February, Economists Say

The U.S. economy fell into a recession in February, a group of economists with the National Bureau of Economic Research said June 8, and some within the trucking industry are not predicting a rapid return to pre-pandemic levels.

June 9, 2020
GovernmentBusiness

Recession Began in February in Face of Coronavirus, Experts Say

WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.

June 8, 2020
TechnologySafety

Keeping Cash Flowing During Uncertain Times

In the wake of the global pandemic, technology is being used to keep drivers safe, facilitate remote work, and drive efficiency gains so that companies are in a good position to survive the coming recession and thrive in the recovery to follow.

May 5, 2020
GovernmentBusiness

US Economy Sliding Further, Experts Say

The U.S. economy is likely in the midst of its deepest recession since the end of World War II, when modern records that tracked the nation’s gross domestic product and unemployment rates were standardized.

May 4, 2020
GovernmentBusiness

Indicators Show Slowdown in Growth, but Recession Isn’t Likely

Jitters and trade wars are roiling the markets and troubling freight companies, but the big question is if the U.S. economic expansion may be coming to a close soon.

August 21, 2019
Business

Cass: Freight Shipments Down 5.9% in July, and GDP Could Be Next

A nationwide economic contraction, not just a freight recession, could arrive soon, according to Cass Information Systems’ July freight report.

August 16, 2019
GovernmentBusiness

Stocks Slide After Bond Market Warns Again of Recession

NEW YORK — Stocks sank Aug. 14 after the bond market threw up one of its last remaining warning flags on the economy.

August 14, 2019
GovernmentBusiness

Yield Curves Invert in US, UK as ‘Doom and Gloom’ Spreads

The stream of investors seeking refuge in the safest parts of the market has triggered yet another recession warning, with yield curves inverting from the United States to the United Kingdom.

August 14, 2019
GovernmentBusiness

German Economy Shrinks Amid Trade Concerns, Auto Woes

FRANKFURT, Germany — The German economy shrank by 0.1% in the second quarter from the previous three-month period as global trade conflicts and troubles in the auto industry weighed on Europe’s largest economy.

August 14, 2019
GovernmentBusiness

US Recession Concerns Rising With Trade War, Goldman Sachs Says

Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth.

August 12, 2019