The glass is half full
“Stir in 100 million extra people to the population of the U.S., each of whom requires 30 tons of freight per year. That’s the definition of opportunity.” –John Lanigan, executive vp and chief marketing officer, BNSF Railway Co., speaking at the recent State of Logistics report press event
There’s been a heavy spate of not-so-encouraging news from the economic and freight fronts of late. Indeed, Ben Bernanke, chairman of the Federal Reserve, presented a rather gloomy outlook for the U.S. economy this week and verbally shrugged at why things are suddenly not going so well.
“We don’t have a precise read on why this slower rate of growth is persisting,” he said. And those aren’t exactly heartening words to hear uttered by, for all intents and purposes, the nation’s chief economist.
[If you have an hour or so to kill, you can watch Bernanke’s entire press conference below.]
For the freight market in particular, the annual State of Logistics report didn’t offer much to cheer about either. more






