Updated on June 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:
- Truckload market is responding to outside influences as rejection rates rise thanks to International Roadcheck and Memorial Day weekend.
- Intermodal pricing remains under pressure, but volumes have continued to rise despite a smaller discount than the historical average when compared to truckload rates.
- Ocean spot rates have spiked as carriers have been effective in controlling available capacity as volume remains fairly stable.
- Inflation remains a hot topic and the Federal Reserve remains hesitant to change interest rates until later in the year.
- Consumer credit conditions are flashing yellow as delinquency rates are on the rise for credit cards and consumers are searching for value anywhere they can find it.
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