Updated on December 4, 2023
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 is becoming increasingly sensitive to holidays, but momentum has largely stalled
- The intermodal market has cooled, but the slowdown is largely caused by international empty volumes declining
- The maritime market remains challenged as there was no clear peak season and booking volumes have continued to decline
- Macroeconomic picture remains a challenge, but the Fed has taken a wait and see approach when it comes to raising interest rates further
- Retailers are largely cutting forecasts for holiday sales, a worrisome sign as the consumer remains pressured leading into Q1
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