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Last updated on April 19, 2014 at 5:20 EDT

Latest Bob Costello Stories

2014-03-14 12:22:12

ARLINGTON, Va., March 14, 2014 /PRNewswire-USNewswire/ -- The turnover rate at large truckload carriers fell six percentage points to 91% in the fourth quarter of 2013, but held above 90% for the eighth consecutive quarter. http://photos.prnewswire.com/prnvar/20100129/ATALOGO The decline was the second straight for the measure of churn in the driver pool, however ATA Chief Economist Bob Costello said it continues to be elevated. "We saw turnover at fleets with at least $30 million...

2013-12-12 12:20:09

ARLINGTON, Va., Dec. 12, 2013 /PRNewswire-USNewswire/ -- Recently released data from the Census Bureau and the Bureau of Transportation Statistics again showed that trucking is the dominant mode for moving freight in the United States. (Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO) "The Commodity Flow Survey showed once again that trucks move the vast, vast majority of freight in the United States," said ATA Chief Economist Bob Costello. "Since it is only updated every five...

2013-10-22 08:24:15

ORLANDO, Fla., Oct. 22, 2013 /PRNewswire-USNewswire/ -- Today, American Trucking Associations Chief Economist Bob Costello said fleets are adjusting to continued tightness in the driver market by increasing pay and hiring newer drivers. (Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO) "While the driver shortage is generally confined to only certain segments of the trucking industry," Costello said here during the "All About the Driver" General Session, sponsored by...

2013-10-20 12:20:09

ORLANDO, Fla., Oct. 20, 2013 /PRNewswire-USNewswire/ -- Today, American Trucking Associations Chief Economist Bob Costello said the trucking industry will eventually see a capacity crunch as demand for freight services will outstrip a slowly growing supply of trucks and drivers. (Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO) "At the moment, fleets are expanding slowly," Costello said, "which means that once we see more consistent, accelerated economic growth - think...

2012-10-09 15:20:37

LAS VEGAS, Oct. 9, 2012 /PRNewswire-USNewswire/ -- Today, American Trucking Associations Chief Economist Bob Costello told fleet executives that freight volumes continue to be varied, depending on the sector and trucking's outlook will be cloudy in the months ahead. (Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO) "As far as freight volumes, the trucking economy is pretty mixed right now," Costello said during today's "All Eyes on the Economy" panel during the annual Management...

2012-08-21 06:20:50

ARLINGTON, Va., Aug. 21, 2012 /PRNewswire-USNewswire/ -- The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in July after increasing 1.1% in June. (June's gain was slightly smaller than the 1.2% increase ATA reported on July 25.) In July, the SA index stayed at 118.8 (2000=100). Compared with July 2011, the SA index was 4.1% higher, which was the largest year-over-year gain since February 2012. Year-to-date, compared with the...

2012-07-25 06:20:23

ARLINGTON, Va., July 25, 2012 /PRNewswire-USNewswire/ -- The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.2% in June after falling 1.0% in May. (May's loss was larger than the 0.7% drop ATA reported on June 19.) June's increase was the largest month-to-month gain in 2012. However, the index contracted a total of 2.1% in April and May. The latest gain increased the SA index to 119.0 (2000=100), up from May's level of 117.5. Compared...

2012-06-19 06:20:47

ARLINGTON, Va., June 19, 2012 /PRNewswire-USNewswire/ -- The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.7% in May after falling 1.1% in April. (April's loss was the same as ATA reported on May 22.) The latest drop lowered the SA index to 117.8 (2000=100), down from April's level of 118.7. Compared with May 2011, the SA index was 4.1% higher, the largest year-over-year increase since February 2012. Year-to-date,...

2012-06-13 06:20:16

ARLINGTON, Va., June 13, 2012 /PRNewswire-USNewswire/ -- After a one quarter reprieve, the annualized turnover rate for large truckload fleets rose slightly in the first quarter of 2012 while small truckload fleets saw a tremendous surge in turnover, according to American Trucking Associations' Chief Economist Bob Costello. (Logo: http://photos.prnewswire.com/prnh/20100129/ATALOGO) According to Costello's monthly Trucking Activity Report, the turnover rate for large truckload fleets rose...

2012-05-22 06:20:36

ARLINGTON, Va., May 22, 2012 /PRNewswire-USNewswire/ -- The American Trucking Associations' advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in April after increasing 0.6% in March. (March's gain was more than the preliminary 0.2% increase ATA reported on April 24.) The latest drop put the SA index at 118.7 (2000=100), down from March's level of 120. Compared with April 2011, the SA index was up 3.5%, better than March's 3.1% increase. Year-to-date, compared with...