Transportation & Logistics Industry Update 3Q24

The transportation and logistics industry navigated a complex landscape in 2024’s third quarter, marked by a brief strike by the International Longshoremen’s Association (“ILA”), the ongoing Red Sea shipping disruption and a downturn in Chinese exports – all contributing factors to the current volatility in ocean rates. Although M&A activity slowed as a result of high interest rates, a few significant mergers are poised to reshape the industry in the final quarter of 2024 and beyond. Despite these challenges, a recovery is anticipated in 2025, particularly in the trucking and third-party logistics sectors. Overall, macroeconomic and technological shifts in the industry are expected to continue exerting an influence on shipping capacity, global forwarding rates and container demand as we head into peak season.

For more 3Q24 insights, access the executive summary by filling out the link below.

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