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BMO: Improving Conditions for Trucking Rely on Administration’s Agenda

October 31, 2017, 07:00 AM
Filed Under: Trucking
Related: Trucking

According to the BMO Transportation Finance Fall 2017 Truck Transportation Industry Update, despite temporary setbacks due to above average hurricane and tropical storm activity, most business and consumer sentiment indicators continue to reach multi-year highs while “hard” macro indicators continue to reflect steady economic growth.

Aside from a relatively healthy macro backdrop, improving conditions for the trucking industry will continue to rely on the administration’s ability to follow through on it’s business friendly agenda, particularly relief from the costs of regulatory compliance. Notwithstanding ongoing threats to confidence from further political gyrations around healthcare reimbursement, tax policy and infrastructure spending, the overall economy remains on track for accelerated growth through the remainder of 2017. As of late-October, BMO economists were expecting average annualized U.S. GDP growth to improve from 2.15% during the 1st half to 2.95% during the 2nd half.

To read the full Fall 2017 Truck Transportation Industry Update, click here.

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