wefreight logo
October 17, 2023

Market Report – Air, Ocean & Road Freight, October 2023

Mapping the Future of Freight: WeFreight’s October Market Report

In an industry where timely updates can determine success or failure, our October 2023 insights provide the clarity and direction you need, ensuring your business thrives amid the evolving challenges of the freight sector.

Market Updates

Knowledge is power, and in the freight world, timely knowledge is currency. Here’s a sneak peek into some of our top findings:

  • Growth Resurgence: Air Cargo demand increased 1.5% YoY, marking the end of a 19-month stagnation.
  • 2023 Ocean Trade Volume Projections: An anticipated growth of 1.2% in containerized trade volumes.
  • Ship Capacity Alert: Drewry forecasts a 6% drop in effective ship capacity from September to October.
  • US Trucking: Consistent volumes, showcasing negligible YoY growth.