Transportation
C.H. Robinson’s CEO Sees Freight Rebound in Second Half of 2024
- Bozeman sees 15% efficiency gain at transportation unit
- Company helping customers with delays in Suez, Panama canals
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C.H. Robinson Worldwide Inc. expects the freight recession will linger into next year, but sees a recovery taking hold in the second half of 2024.
Chief Executive Officer Dave Bozeman said in an interview that the recovery will be driven as replacement demand for goods picks up. Meanwhile, trucking rates will increase as capacity comes out of the market, in part due to bankruptcies like Yellow Corp.