“Worse than the one following the Global Financial Crisis.”
He put his money where his mouth is.
But the roads in much of the nation are in terrible shape too.
Orders plunge 87% from an already terrible 2015.
“We’ve been patiently waiting for the consumer.”
“We continue to match production with demand”: Ford
This hasn’t happened since the Financial Crisis.
Transportation Recession exacts its pound of flesh.
“Overall shipment volumes are persistently weak.”
The pain will continue, with many more false-hope ups followed by brutal smack-downs, and more carriers cracking under their debt.