With some economists predicting around a 50-50 chance of the U.S. economy sliding into a recession in the first half of 2023, a panel of experts at American Trucking Associations’ Management Conference & Exhibition urged trucking companies to prepare now for a possible economic downturn by maintaining strong levels of cash flow and — above all — avoiding panic if a recession takes hold.
Bloomberg Intelligence Senior Freight, Transportation and Logistics analyst Lee Klaskow said he believes the economy will be classified as in a recession early in 2023, but he is forecasting a truncated downturn that will yield to signs of growth by the end of 2023.
