Bloomberg Talks
Freightwaves CEO Craig Fuller Talks State of Freight Industry
What was said
We seeing freight move off of trucking slightly into intermodal which is by rail... And right now, the spread between trucking rates and rail freight is 34%. That is near an all-time high. And therefore, the railroads are the primary beneficiaries and companies like J.B. Hunt and hub group that are public are really picking up a lot of share right now.