In 2011 the US trucking industry faced the following economic conditions: (i) At last the US economy was recovering from a prolonged slump during which trucking had shrunk its capacity by 14%, (ii) the government instituted new regulations imposing more frequent inspections and restricting operators' daily driving hours, and (iii) year over year, diesel fuel prices were up by 9%. What overall impact do you predict on industry output (measured in total volume and miles of goods transported) and trucking rates?