Craig Fuller - The Impending Freight Recession
Craig Fuller stops by The Business Brew to discuss the freight recession. Craig made news when his organization, FreightWaves, wrote an article forecasting a freight recession. Craig's initial call discussed the trucking sector, but China's lockdowns may create a freight recession throughout the freight industry.
This was a fun conversation. It's a must listen if you are interested in the freight and logistics markets.
Craig is great on the mic. We hope you enjoy the discussion.
Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. He also is a trucking industry veteran, having founded and managed the Xpress Direct division of US Xpress Enterprises, the largest provider of on-demand trucking services in North America. Fuller also owns Flying Magazine.
This episode is brought to you by Bastiat Partners, a boutique investment banking firm. See https://bastiatpartners.com/. Detailed show notes below.
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Album art photo taken by Mike Ando. Please see www.mikeando.com.
Thank you to @mathewpassy (on Twitter) for the show production.
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Detailed Show Notes
Open - Intro to freight
11:20 - The state of US inventory levels
19:30 - Will the freight market become very "choppy" for a while?
24:27 - Will the US onshore or nearshore the supply chain?
40:25 - What is it like to move JB Hunt's stock?
47:30 - Is Old Dominion impacted by the freight recession?
52:00 - How did Craig get into freight and trucking?
58:40 - What you should think about as a consumer.
61:30 - How is there oversupply in the trucking market with a trucking shortage?
68:18 - The commonalities between different markets.
72:10 - JB Hunt, and intermodal's, strength
83:40 - Craig's media career
85:30 - The dollar strength
87:30 - What motivated Craig to write
95:00 - Aftershow talk