Analysis: Why the Biden Administration is Not Being Honest About Supply Chain Issues
MTS Logistics
MARCH 7, 2022
However, despite showing the full dataset, it is not mentioned that the carriers were mainly taking losses between 2008 and 2020 (pre-Covid.). 23 of the quarters out of 48 from 2008 through 2019 saw the industry have a negative EBIT margin. Only 7 out of 48 quarters saw the industry have an EBIT margin above 3%.
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