The sky may have fallen on freight market after new tariffs are implemented against China

News

Published by iTrucker at 23 May

The sky may have fallen on freight market after new tariffs are implemented against China

“Like the “snap” in the Avengers movie, where the big bad villain, Thanos, eliminated half the life in the universe, something similar occurred to the freight market after the trade war escalated between China and the U.S earlier this month. It is hard to imagine the freight market being so fragile that one action — tariff increases — could drop national freight volumes 4% to 5% overnight. While it is difficult to say that is exactly what happened, the timing makes it hard to ignore the correlation” – According to article in reightwaves.com and its author  Zach Strickland

Read full story HERE

Source and credits : reightwaves.comZach Strickland, FW Market Expert & Market Analyst

 

Leave a Reply

Your email address will not be published.

CONTACT US

Get on the road with us

JOIN