Recoveries, Past and Future

Is this an early sign of the long-awaited economic rebound or just a pocket of optimistic exuberance?

Here's a story from almost six years ago that resonates today. I only wish it was more recent.

A Sustainable Recovery?
Transport gains in third quarter reflect broader economic changes as recovery picks up speed

Surging revenue and profits in transportation indicate a general economic recovery finally may be at hand.

The transportation industry often shows signs of trends that are percolating beneath the surface of the economy before they''re apparent elsewhere, and trends transport executives are seeing right now are very good indeed.

Trucks are "booked to the wall," one trucking CEO says. Railroads are bulging with freight, especially intermodal. Even air cargo finally is shaking off its September 11 hangover. UPS and FedEx practically are printing money.

Is this an early sign of the long-awaited economic rebound or just a pocket of optimistic exuberance?

... for the full story from our archives, click here.

Can history repeat itself — or even come close in the third quarter? Most observers say no, for a number of reasons. But John Schulz's article from November 2003 certainly sets one thinking about how our economy and the transportation industry might look come this November.

What are your thoughts?

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