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This Week's Updates:
Freight transportation reports, projects and other news from outside North America
“Despite avoiding a global financial and economic recession for now, the shipping industry is experiencing a freight recession due to the postponement of inventory replenishment cycles by retailers who overstocked. As we look ahead, we anticipate a subdued rebound in demand as retailers begin to deplete their excess stock in the coming months, leading up to the peak season." — Container xChange CEO Christian Roeloffs
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