At its most basic level, industrial freight is essentially any freight tangentially associated with manufacturing and construction (and the requisite inputs and outputs involved). Thus, when one refers to industrial freight, it means products such as lumber, automotive parts and finished vehicles, steel, heavy equipment, construction materials, etc.
Industrials are very cyclical in nature, and demand for industrial-related products tends to rise and fall with the U.S. business cycle. As Investopedia notes, “performance in the industrial goods sector is largely driven by supply and demand for building construction in the residential, commercial and industrial real estate segments, as well as the demand for manufactured products.”
FreightWaves has produced a white paper, in partnership with Echo Global Logistics, reviewing the current state of various industrial freight verticals and future forecasts for each.
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