News / Strong US surface transport market augurs more cost pain for shippers

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Pundits as well as truckers are bullish on the outlook for surface transport in the US, at least for the first half of 2021.

They point to a combination of tight capacity and strong demand, which leads to full loads, and so shippers must brace for further increases in freight costs.

In its latest WorldFlash report on the global economy, market information provider IHS Markit diagnoses ‘pandemic fatigue’, which is slowing down growth.

It estimates GDP contraction in the UK and in the ...