2016 has challenged truckers in many ways: a spike in stock, a declined demand for freight, a driver shortage, speed limit changes, you name it. Luckily, 2017 shows a silver lining for the trucking industry. Overall, an increase in consumer spending is predicted upon the new year. Outlooks for 2017 expect conditions to improve for the trucking industry, including a spike in consumer spending and manufacturing. With more people buying, stock will decrease, bridging the gap between supply and demand.
Additionally, many retailers are taking advantage of the fast-paced nature of e-commerce that has increased in popularity. The need to buy and get it now will allow more opportunities for truckers to deliver freight. While the shipping volume is reportedly down as of May, report suggest that the second half of the year should bring truckers out of their slump.
The new chief for the American Trucking Association, Chris Spear, is working to prevent over-regulation in the industry. Concerned about tax reform, trade reforms, and fund, Spear suggests that any new regulations should be imposed by people in the field rather than those who do not know the inner workings of the trucking business. With more consideration from the people within the field, the industry will see a much more successful year.
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