Jan 22, 2019

Trucking's troubles could preview an economic downturn

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Data: Cass Information Systems; Chart: Lazaro Gamio/Axios

Truck shipments' year-over-year growth fell in December for the first time since 2016, data from the Cass Freight Index showed.

Why it matters: Truck shipments are thought to be a leading indicator as they're very sensitive to market fears. When things are good, suppliers load up, but in hard times the oversupply of trucks and weak demand from shippers can lead to quickly declining rates and a prolonged downturn for the industry, often coupled with more widespread economic malaise.

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GM to bring Hummer back as an electric vehicle

A discontinued Hummer pickup truck. GM has yet to debut revivied electric vehicle's new look. Photo: Scott Olson/Getty Images

General Motors plans to reintroduce the Hummer to consumers as an electric pickup truck under the GMC brand, unnamed sources familiar with the matter tell the Wall Street Journal.

The big picture: The revival is a part of automakers' race to introduce more electric trucks and SUVs to the market. Tesla unveiled its version of an electric pickup dubbed the Cybertruck in November, expected to arrive by late 2021.

Go deeperArrowJan 10, 2020

Manufacturing should bounce back in 2020

Illustration: Aïda Amer/Axios

Last year was one to forget for the world's manufacturers, as industry metrics declined to some of the lowest levels in years.

The state of play: Investors and industry insiders see the sector mounting a comeback in 2020 as the trade war and tariffs are expected to recede, global demand is expected to increase and companies begin to reroute their supply chains.

Go deeperArrowJan 15, 2020

World Bank cuts growth forecast for fourth time in a row

Photo: Win McNamee/Getty Images

The World Bank cut its global growth forecast for the fourth straight time on Wednesday, reducing expectations by 0.2 percentage points each year for 2019, 2020 and 2021.

"Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist. ... U.S. growth is forecast to slow to 1.8% this year, reflecting the negative impact of earlier tariff increases and elevated uncertainty."
— World Bank statement on its Global Economic Prospects report
Go deeperArrowJan 9, 2020