Sourcing shift away from China by the west is happening – but slowly
The hastened fracturing of China-US relations is prompting a very real move away from the ...
© Nadiya Vlashchenko
By Alex Lennane
Now it’s the US hauliers feeling the pinch. As the US market normally gears up about now for the September rush, high inventory levels and “sluggish economic growth” are leading to weak volumes. One company expects earnings to be halved this quarter, citing rising driver pay and pressure on rates, while the CASS freight index for rail and road was down 5.8% on the previous year. Interesting, but slightly depressing article from WSJ.
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