By Satish Jindel
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
The parcel market is facing a supply-demand imbalance of the type and magnitude not experienced in the past 30 years or longer. Given the stagnant demand and no new initiative on the horizon to encourage consumers to spend more money on goods, supply will exceed demand for the next three or more years.
It started with the sudden COVID-19...
https://www.freightwaves.com/news/parcel-market-dilemma-excess-capacity-with-stagnant-demand