According to Bank of America, shipping and transportation activity continues to climb to Pre-COVID levels according to the latest analyst reports. After issuing it’s 2nd half trucking outlook to investors, B of A highlightined an “inflecting volume and rate environment”. Meaning, the bottom may be in now that shipping volumes and rates are on the rise. US Trucking also showed good growth. Read Duggan’s full article here.
Source: Bank of America; Yahoo Finance