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Double-dip recession unlikely, FTR says

Published Friday, July 23, 2010

The economy may not be rebounding as quickly as most would like, but the chance that the U S will suffer a double-dip recession is remote, economist Noël Perry said during the FTR Associates “State of the Freight” webinar July 23. While generally upbeat, Perry said that because the economy is not growing as fast as previously anticipated, this affects the FTR base forecast for the trucking industry.  As a result, the lower end of the company’s outlook for truck and trailer sales is more likely. The slow growth, however, is normal and not a cause for alarm.  ...

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