Does the US Face Freight Recession?
According to A. Duie Pyle logistics executive Frank Granieri, logistics companies are right now running a little “gun shy” with the economic uncertainties of the trade war.
The talking heads on the financial networks have been warning about a slowdown in the United States economy for some time, and eventually they are likely to be proved out. The recent anemic jobs report was one warning sign as is data showing a dip in car sales, both here and in China.
Freight is well known to be a cyclical business and an eventual downturn is to be expected. What makes the current situation confusing is that 2018 saw a freight boom with massive equipment ordering and increasing driver wages, so that this year’s lower numbers may reflect nothing more than a reversion to historical business conditions.
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