Updated on February 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:
- Winter weather provided a short-term upward move in tender rejection rates, leading to an upward bump in spot rates.
- The truckload market continues to see volumes outperform last year's levels, but it remains oversupplied.
- The intermodal market is under pricing pressure as the discount provided compared to dry van rates is historically low.
- The Red Sea conflicts have put upward pressure on ocean spot rates, but likely won't impact the actual flow of goods from China to the U.S.
- The consumer has remained resilient as retail sales increased in December and the labor market is still relatively strong.
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