Updated on November 1, 2024
This State of the Industry report aims to provide a comprehensive analysis of the transportation logistics industry, shedding light on its key drivers, trends, and emerging technologies. By examining the current landscape and forecasting future developments, we seek to equip decision-makers, industry professionals, and stakeholders with valuable insights to navigate the ever-evolving logistics landscape.
With the world becoming increasingly interconnected, the transportation logistics industry faces both immense opportunities and unprecedented challenges. Globalization, e-commerce, and advancements in technology have sparked a seismic shift in consumer expectations, supply chain strategies, and sustainability concerns.
Highlights for the general freight report include:
- The truckload market absorbed the disruptions at the start of the month without any significant impacts.
- The intermodal has continued to see volume growth, acting as a pressure relief valve for the record-high import levels.
- Shipping season on the ocean is past its peak as ocean spot rates and volumes are down, but the election results could create a boost to volumes in the slower period for demand.
- Consumers continue to spend money as retail sales have been better than expected several months in a row.
- The economy is waiting for the industrial side of the economy to wake up, but 2025 appears to be when it will happen, especially if there is another rate cut or two through the end of the year.
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