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Surveillance: Chadha on 'The Wobble'

Bloomberg Surveillance

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The Importance of a New Labor Agreement With the Teamsters

In the second quarter, they did a fantastic job. It's hopefully going to offset some of the increase that they got in cost from that new labor agreement with the Teamsters. Right now, the truckload market is terrible. Like, the spot market is pretty much bottoming. We should probably start seeing increase in spot rates into fourth quarter and contract rates are down by low double digits.

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