In a recent conversation, Doug Waggoner, CEO of Echo Global Logistics, discussed the current state of the freight economy, describing it as marked by stagnant demand and an oversupply of capacity, largely due to the lingering effects of pandemic-related financial support. He noted that while demand is stable, it isn’t increasing significantly. Waggoner anticipates a slow recovery towards equilibrium by 2025, with potential for M&A activity as market conditions improve. He also highlighted growing concerns about freight fraud and cyberattacks, emphasizing the need for robust security measures in the logistics sector.

Source: https://www.logisticsmgmt.com/article/catching_up_with_doug_waggoner_ceo_echo_global_logistics/