A study by consultancy McKinsey & Co. looking at recessions over a 30-year period suggests there is no guarantee U.S. freight activity will track with overall economic upturns after a recession, and that “no natural law” mandates a relationship between freight patterns and post-recession rebounds.
The findings, published last Thursday, are a cautionary tale for those who assume freight is destined to expand in concert with any economic recovery from the COVID-19 pandemic. In its report, US...
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