The U.S. economy shrank 1.5% in the second quarter of 2009, improving over the drastic 5.5% decline in the first quarter. Government stimulus and international trade mitigated declines in consumer spending, which accounts for 70% of the economy. Improvements in the job market will be necessary for the economy to get on track for consecutive quarters of growth.
Trucking
Consecutive monthly gains in new orders and will increase revenue for an industry that was battered by the economic downturn. The certainty in future growth should lead to increased activity in the M&A market. Middle-market buyers will be looking to expand geographically into the local freight trucking market, which has tremendous growth potential. Click here to see our latest Freight Trucking Star Report.