• TPM25
  • March 2-5, 2025 | Long Beach Convention Center

Lee Klaskow

Bloomberg Intelligence

Senior Analyst-Transportation and Logistics

Lee A. Klaskow is a senior global transportation & logistics analyst and sector head for Bloomberg Intelligence, a division of Bloomberg LP.

Lee has been analyzing the freight markets for decision makers since 2006. His current coverage spans global marine shipping, air freight and logistics sectors as well as the North American trucking and railroad industries. In addition to his industry work, Lee provides coverage on 21 freight transportation and logistics companies. He is focused on providing differentiated research through channel checks and collaborating with colleagues in adjacent industries. Lee is an articulate public speaker and frequent contributor on Bloomberg television and radio as well as other media outlets. He also speaks at industry conferences as well as company and academic events.

Prior to joining Bloomberg, he was a senior analyst at Longbow Research and Prudential Equity Group, where he covered freight transportation and logistics companies. Lee was ranked four stars by StarMine for EPS accuracy and recommendation performance prior to joining Bloomberg.

He has also worked at Prudential Equity Group as an industrial associate prior to being promoted to senior analyst. He helped originate and execute global equity transactions for both ABN Amro Rothschild and J.P. Morgan. Lee began his career at McCarthy, Crisanti & Maffei analyzing and reporting on the primary equity markets.

In addition to his role as an analyst, Lee is Bloomberg Intelligence’s team leader focused on analyst franchise building. Previously managed groups across a broad coverage universe including transports, consumer basic materials, health care and financials.

He earned his bachelor of science degree in finance and management from Ithaca College, and his master’s in business from Fordham University.

Sessions With Lee Klaskow

Monday, 3 March

  • 04:50pm - 05:30pm (PST) / 04/mar/2025 12:50 am - 04/mar/2025 01:30 am

    US Trucking: Crunch Ahead or Calm?

    A key question facing shippers of international containers as 2025 begins: Is US trucking in some type of bubble insulating shippers from price volatility or has the trucking market changed structurally to one of permanently higher capacity that absorbs potential pricing shocks. This is the second — or is it the third? — year in which many expect the cyclical truckload market to turn, with higher demand putting pressure on pricing that can add significantly to end-to-end shipping costs. Previous years that have seen the market inflect have put shippers through painful price increases when it comes to getting goods to market by truck in the US: 2014, 2018 and 2021 are examples where end-to-end shipping costs rose substantially due to trucking. But 2025 looks different. Double-digit increases in international containerized imports last year hardly made a dent in truck capacity or pricing. There wasn't a shortage of drayage capacity. As of December, there were more than 90,000 more trucking companies on US highways than there were in 2019. But how long will that abundance last? Repeated predictions of tighter capacity have proved wrong in recent years, as demand remained lower than supply despite the loss of substantial numbers of carriers. Are we headed for another capacity crunch in 2025, if freight demand rises? Or has the market changed enough since 2019 that we’re unlikely to see the kind of crunch seen in the last decade. The US manufacturing downturn is a major reason we've had excess capacity and low trucking rates since 2022. All the discussion about tariffs, inflation and the Federal Reserve’s changing plans for rate cuts could lead to a much different demand picture than we expected just a few months ago. This session will answer these and other questions about truck capacity in a pivotal, transitional year. 

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