Industry commentary suggesting a likely April bottom for the freight industry can be supported by new government data showing the worst year-over-year declines in for-hire transportation data since the financial crisis of 2008-09. The dramatic drop in the monthly data highlights what could be the low point in the current freight cycle and provides a relatively easy sequential comparison.
The Freight Transportation Services Index (TSI) fell 10% year-over-year in April according to the Bureau of...
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