When FedEx told CNBC that their current dip in shipping volume is a starting sign of a looming global recession, shipping company stock prices dropped. MIT Megacity Logistics Lab Director Matthias Winkenbach says that this may be a wake up call to FedEx and other shipping and logistics companies to change how they approach necessary innovations.
"Typically, shippers at this time of the year invest into having excess capacity, having rather too many than too few trucks on the road,” he said. “Think about electrification of fleets. Think about more sustainable delivery models.”