The economic climate of 2023 is creating challenges for many industries, and warehousing and logistics are not immune. The freight industry plays a vital role in the global economy, enabling the worldwide movement of goods and materials. When fewer goods and materials are changing hands, this reduced spending is experienced by the shipping industry as a ‘freight recession.’ In this comprehensive analysis, we’ll explain what a freight recession is, how it’s caused, how it will affect various industries, and how