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U.S. Class I intermodal volumes were down 12.5% year-over-year in week 9, significantly weaker than last week’s 7.3% drop and weaker than the four-week average of -4.6%. We are continuing to see the effects of the coronavirus. The spread of the disease is now, without a doubt, a global problem.
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John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.