The most recent statistics show that USA and Canada have officially emerged from recession and their economy has expanded at an annual rate of 3.5 per cent in the Q3. Freight shipping volume is on the rise and everyone involved in the manufacturing and freight shipping industry is glad to see more trucks on the road.
Government stimulus spending and improved consumer spending as well as an improvement in housing prices finally pushed GDP into positive territory for the first time in four quarters. Growth has definitely exceeded all economists' estimates.
Since the beginning of this year, Cargo Auctions’ online division www.cargosuccess.com has seen a dramatic increase in load postings on their online load-board, a total ascent of 42.5 per cent.
"These statistics show that the doubt and the pessimism are going away slowly, but still, growth is growth and it brings to a close the worst performance in the US economy in over seven decades. We are very glad to see truckers with smiles on their faces once again determined to continue to do what they do best, drive our economy forward”, said Mr. Dan Kockovski President and CEO of Cargo Auctions Ltd.
