For Trucking and Railroads, it’s Hangover Time.
US freight shipments fall for 7th month in a row. After the boom, the bust.
Weakness in transportation deepens. Freight rates still rising, but also coming under pressure.
But the cost of shipping surges, no holds barred.
“Many modes are reporting limited capacity or no capacity at any price that shippers are willing to pay.”
Everything is spiking.
The Transportation Boom after the Transportation Recession.
Trucking, rail freight volume and rates surge, “pricing power has erupted.”
“We are seeing an unprecedented rise in logistics costs,” General Mills CEO