U.S. ports have revised their initial outlook in March forecasting a quick “V-shaped” recovery in freight volumes and instead do not anticipate a turnaround this year.
That was the message relayed to lawmakers on Capitol Hill via the first-ever public teleconference hearing held by the House Transportation & Infrastructure Committee on Friday.
“At this stage in the pandemic, the hope for a quick recovery has been replaced by the realization of a longer battle ahead,” testified Association of...