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January 16, 2024

WeFreight’s January 2024 Market Update: Air, Ocean, Road, and Warehousing Freight Trends

WeFreight’s January 2024 Market Update: Air, Ocean, Road, and Warehousing Freight Trends

Elevate your competitive advantage in the logistics industry by accessing our market update. Get vital insights into emerging trends on air, ocean, road, and warehousing freight.

The market update serves as a critical tool for making well-informed decisions and strategic planning within the ever-evolving landscape of global logistics.

Freight-forwarding-market-update_Jan-2024

Here’s a glimpse into some key findings:

  • Air Freight: December global air cargo demand was up 9% YoY, while December global air cargo capacity was up 6% YoY.
  • Ocean Freight: In 2024 demand is expected to rebound with MSI expecting 4% growth.

  • Road Freight: In the US, demand for trucking services has been low over the last 18 months.
  • Warehousing: The average warehouse vacancy rate across the U.S. jumped to 5.2% in 4Q’23 from 4.6% in 3Q’23 and 3.1% in 4Q’22

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