Freight House of the Year: Citi

The freight markets had a tough year in 2009. Following wild price swings in 2008 and subsequent defaults on both physical and financial freight contracts, liquidity dried up. But during turbulent times, Citi managed to not only grow its freight team but to increase its market share by 8%, subsequently bringing more volume back to the market. It is both this impressive growth and the liquidity it has provided to the market that earnt Citi Energy Risk’s Freight House of the Year for the second ye