Updated on April 2, 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 intermodal market continues to show volume growth, but much of the growth is driven by international intermodal volume
- The maritime market continues to rebound from the Lunar New Year and container ship executives are expecting an earlier than normal peak season.
- The Federal Reserve continues its wait and see approach when it comes to cutting interest rates as recent inflation readings have been higher than expected.
- Businesses are cautiously optimistic about the next six months, expecting conditions to improve in the back half of the year.
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