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Opinion: Freight slowdown is a terrible sign for the economy

(Source: opinion column by Patrick W. Watson, July 1, 2019) 

NEW YORK — Just as an army moves on its stomach, an economy moves on ships, trucks, and planes. They carry the goods whose purchase adds up to growth. Nowadays many goods are digital, delivered electronically. But we still need lots of physical stuff which must travel to the customer. Fewer goods in motion mean lower growth… and that’s exactly what is happening. Container ship lines, railroads, warehouse operators—the entire logistics industry is starting to contract. 

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Tuesday, July 2, 2019

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