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Originally Posted by 742drvr
How is it going to bust our business! Freight dawgs that is! The freight still gotta move right? Hope so! Just wondering what all think?
First, I think uncertainty is playing more havoc than anything else. And that uncertainty is simply waiting on an answer from Congress. Whether it is a yea or a nay, the market will have a better idea of the kind of playing field it is on. When that is established then we'll some more stability on Wall Street and thus in the markets.
Second, freight still has to move. The current state of the financial climate has not and will not shut down commerce and free trade. In fact, while some businesses will be affected more than others, many will continue to operate as business as usual - and that includes sending and receiving merchandise/goods/documents, etc.
Third, when the economy slows down people and businesses tend to do more buying and selling over the internet. Plus, businesses tend not to keep large inventories of goods, but rather ship as needed using a just-in-time model. That coupled with the internet tells me that the impact of this crisis will not be felt as severe in the cargo/logistics industries as it may be in other types of industries.