Market Updates
Freight Recession Worries Sink Transportation Stocks Lower
Brian Turner
08 Apr, 2022
New York City
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Transportation stocks fell again on the rising supply chain disruptions linked to China and Europe and surging inflation in the U.S. The tight lockdowns in China, the rerouting of energy supplies in Europe, and the elevated inflation are trimming the freight demand volume in the U.S. UPS fell for the 8th day in a row and for the year the industry index is down 12%.
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