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June 21, 2024

WeFreight’s June 2024 Freight Market Update

wefreight's june market update

Freight-forwarding-market_June-2024

Our June 2024 Freight Market Update covers key trends that are shaping the logistics landscape. From ocean, air, road freight to warehousing, get comprehensive analysis and data insights that you can use to navigate market shifts with ease. 

Here’s a glimpse into some key findings: 

  • Air Freight: According to Xeneta, the global air cargo market is on a pathway to double-digit growth in volumes in 2024.   
  • Ocean Freight: Global demand measured in TEU Miles grew 24% YoY in April.  
  • Road Freight: After some improvement in 1Q’24, the CASS Freight Index has been in decline again.  
  • US Warehousing: +0.5% increase in the national average of warehouse storage costs YoY in Q1 ’24 vs Q1’23, with a -0.6% decrease QoQ. 

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