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2 0 1 9 Q 4 M A R K E T U P D A T E A N D O U T L O O K - Transplace normal inflationary levels Transplace is actively monitoring the turn at the bottom of the current cycle as it will be instrumental for shippers Tightening conditions will likely require changes in procurement and execution strategies as conditions change Temp Control Refrigerated loadings are projected to grow 2 9% in 2020 Refrigerated loading