wefreight logo
December 11, 2023

WeFreight’s December 2023 Market Update: Air, Ocean, and Road Freight Trends

WeFreight’s December 2023 Market Update: Air, Ocean, Road, and Warehousing Freight Trends

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.

Stay up to date about
the latest news and insights

Want all the latest WeFreight news and insights delivered
directly to your inbox? Subscribe to our newsletter and stay
updated on the latest developments.

Want all the latest WeFreight news and insights delivered directly to your inbox? Subscribe to our newsletter and stay updated on the latest developments.

Insight Form