DC VELOCITY: LOOKING FOR FREIGHT TO THAW? KEEP LOOKING.
On DCVelocity.com, Mark Solomon warns you may have to wait a bit longer for the freight recession to end.
DCVelocity.com Excerpt:
Waiting for the 30-month U.S. freight recession to end? If projections by a noted transportation analyst are on target, you may have to wait a while longer.
Jon A. Langenfeld, analyst for Robert W. Baird & Co., told the SMC3 annual winter meeting in Atlanta in late January that he doesn’t see a meaningful pickup in freight activity until late 2010 or possibly early 2011. An upturn of any type will not begin until the middle of next year, he said.
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