Freight rates in April were lower by more than 2% in part of the impact of the Paycheck Protection Program, according to intriguing new research by Convoy Logistics.
Aaron Terrazas, the director of economic research at Convoy, went through thousands of data points to reach that conclusion.
“I was surprised at how strong the results were,” Terrazas told FreightWaves. “It’s an important topic.”
April is a particularly important month in looking at the market. Freight rates mostly held up in March,...
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