The economic recovery appears to be strengthening. Orders for manufactured goods remain at elevated levels that should promote gains in industrial activity around the world. The backlog for transportation equipment is large and still growing. Automakers are maintaining elevated production levels in North America and Asia. For many resource producing countries around the world, including Canada, the improving trend in growth should provide ongoing support for commodity prices, with weaker currencies providing an important boost to export earnings.
But geopolitical events, an extremely harsh winter, plant closures, continued sluggishness in investment and exports and slowing growth in China are all restricting economic growth. How will these countervailing forces play out over the next 12 months? One of Canada’s leading economists will provide an economic overview of 2014 and share his insights on where the economy is headed in 2015. Also on the panel are two Canadian trucking company owners and a leading transportation consultant who will share their own insights on the direction of the Canadian and US economies in 2015 and the implications for shippers and transportation providers as they prepare their business plans.