ARKANSAS, USA — The end has been a long time coming, longer than many industry officials can remember, but the transportation world is appearing optimistic that the so-called freight recession may be winding down.
Transport Topics, a national weekly that covers the industry, reported this past week that major companies such as J.B. Hunt Transport Services Inc. of Lowell and FedEx Corp. of Memphis were preparing for a recovery in the freight sector.
“This, for us, has been the toughest freight recession — and longest — in terms of depth and duration in my 30-year career,” said J.B. Hunt Transport Services CEO Shelley Simpson during the Baird Global Industrial Conference on Nov. 12 in Chicago. “But I think we’ve done a good job managing through that part of the process. We’re looking forward to turning the chapter and hopefully moving into a better position coming into 2025.”
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