FRED Graph Industrial Production Index
There are many other comparisons that could be made that would display a similar situation. We are clearly experiencing the effects of an economic slowdown as the Fed continues to raise rates in an attempt to do exactly that, in hopes of bringing down the high levels of inflation we have been experiencing for many months. However, when we look at these historical comparisons, it helps put our current environment in perspective with much more significant declines in the recent past.
Once we are past this period of economic weakness, whether it becomes an official recession or not, there is plenty of reason to believe we will return to a growth environment (though nothing is certain). Navigating this period and being prepared for what comes next is going to be crucial in the months ahead.
ArcBest is well-positioned with solutions to fit any need, whatever the future holds. As a logistics company with owned assets, advanced supply chain technology, and an experienced customer solutions team, we’re able to help shippers solve even the toughest logistics challenges.