Updated on September 3, 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 has been fairly stable as rejection rates have trended sideways and tender volumes shook off the slow start to August.
- The intermodal market has seen volumes grow on the heels of stronger import levels, but pricing remains challenged.
- Ocean peak season is here as demand on the ocean continues to set new YTD highs, but potential labor disputes could create chaos in the back half of September.
- Lower interest rates are on the way in September, but the question is: how large is the cut and will there be another this year? The answers to these questions will determine how fast dry powder gets deployed to the market.
- The macroeconomy conditions remain fairly strong, though there are signs of weakness starting to appear in the labor market.
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