Opportunities for transportation providers will be progressively more concentrated in consumer staples and e-commerce as movement restrictions and business shutdowns restrict retail spending and industrial production (though we note the manufacturing PMI number was barely in contractionary territory and beat expectations).

Now that produce harvesting has begun in central Florida, we expect refrigerated capacity to continue tightening. Even after the initial wave of panic-buying and grocery stock-building subsides, we believe that retail grocery volumes will settle at a rate 2-3x normal levels due to school and restaurant closures.

Transportation companies with concentrated exposure in unfavorable verticals (oilfield services, automotive, live shows and events) will continue to be stress-tested and reduce headcount.

Members Only

You have selected content that's only available to members of FreightWaves Passport. As a member, you gain immediate access to the most in-depth and informative freight research available. It's your gateway to continuing education.

Members also get:

  • Access to exclusive community dedicated to discussing the most important challenges facing freight.
  • Monthly and Quarterly Freight Market reports keeping you informed of industry trends.
  • Much, much more!

Click below to learn more and sign up today!

Existing Passport subscribers log in above.