Changing end markets
The big three changes since the last recession are:
- A strong increase in business-to-consumer, or B2C, e-commerce-based package deliveries as online shopping increases in popularity
- Customers increasingly prefer cheaper, less time sensitive deliveries over faster, more expensive options.
- Increasing protectionst trade policies by governments worldwide are causing growth in global trade (trade between countries) to lag domestic GDP growth. This is not great news for transportation companies.