Transportation & Logistics 1Q23 Industry Update

The transportation and logistics industry in 1Q23 was impacted by continued growth in e-commerce, the increased adoption of advanced technology, focused attention on environmental, social and governance (“ESG”) issues, and the overall slowdown of the economy. Trends such as the steady decline in spot rates, a decline in diesel and shipping rates, and an increase in the number of supply chain companies exploring the adoption of artificial intelligence (“AI”) and machine learning (“ML”) were also prominent within the sector during the first quarter of 2023. Read on for a deeper look into the sector and the key macro and technological trends in this 1Q23 industry overview.

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