In 2010, the U.S. and the trucking industry began a recovery from the Great Recession that lasted a decade. In 2020, we tried to do it all in 10 months. In this analysis, we compare the trucking industry today to the industry in 2010.
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The following document is a discussion and explanation of how FTR deals with data revisions and specifically addresses large changes in the FED Industrial Production numbers. We encourage industry participants to read it and gain a better understanding of how, and why, industry data changes on a regular basis (both historical and outlooks).
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We are past the halfway point in 2021 and it is apparent that a recovery is well underway for the global economy. Despite the burst in economic activity, it is still too early to call it a post-COVID era, as infections remain at high levels in some places and variants are still forcing authorities to place restrictions on key areas across the globe. Still, it is a full-fledged economic recovery, and the World Bank projects it will be the most robust in 80 years.
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