Volumes are just negative on a year-over-year basis; capacity is loosening; rates are falling. Barring a worsening outcome for the coronavirus, freight market conditions should improve in the United States in the next few weeks.
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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.