Reported about 17 hours ago
The ongoing Federal Government shutdown endangers SNAP benefits for 45 million Americans, potentially resulting in a substantial decline in consumer spending and freight volumes, which are already down 18.5% year-over-year. While local retail distribution remains stable, long-haul freight is suffering a 33% drop, reminiscent of the 2008 recession. As trucking capacity decreases faster than volumes, the freight recession may be nearing its end, but brokers face challenges without a surge in demand. A swift resolution to the shutdown is crucial for maintaining goods movement and economic stability.
Source: YAHOO