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Resource allocation

Published Thursday, March 01, 2007

Freight did not appear to increase last fall, according to most carriers and market analysts. But if that's true, how did we manage to eat and consume at a rate more than 3% faster than the previous quarter? The answer lies in two areas: the type of freight that was shipped and logistics. The factors that contribute to GDP, including consumption and production, are measured in dollars. They are not measured in weight, size or any other metric that might be more suitable for judging freight demand. In fact, production was increasing, as was consumption. Traditionally, a 1% ...

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