Updated on December 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 volumes have declined in back to back months, but tender rejection rates have moved to the highest level since the middle of 2022.
- Intermodal volumes continue to move higher, especially domestic intermodal, despite the calendar moving past the traditional peak season.
- Ocean volumes have recovered from the Golden Week holiday, but the election results provided a boost in early November as uncertainty around tariff policies arose.
- The economy continues to be pulled along by the consumers that have shown they are willing to spend money until they don't have any left.
- The industrial side of the economy remains asleep, but with two interest rate cuts at the past two FOMC meetings, 2025 is shaping up to be a better year than the past two.
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