Gain a competitive edge in the logistics industry with our market report, offering crucial insights into emerging trends across air, ocean, and road freight. This report is an essential tool for informed decision-making and strategic planning in the dynamic world of global logistics.Freight-forwarding-market-update_Dec-2023
Here’s a glimpse into some key findings.
- Air Freight: Expect a modest growth in air freight demand between 1%-2% in 2024, with a trend towards longer-term contracts.
- Ocean Freight: Anticipate a significant -33.1% drop in average global FEU rates in 2024, amidst rising vessel deliveries and market overcapacity.
- Road Freight: The US road freight sector sees a contraction in capacity with a steady outlook on truckload pricing, despite lower rates in recent months.