White Paper: State of the Industry – August 2023

The August 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates.

In this report, you will find: 

• The truckload market has been relatively stable throughout July.
• Intermodal bid season was soft as intermodal contract rates continue to decline.
• There is evidence in ocean data that the “peak” has already passed.
• The macroeconomic environment remains a challenge with strong employment but consumer credit shows signs of being tapped out.
• Another 25 basis point interest rate increase is on the horizon as inflation remains higher than the Federal Reserve’s target.

Download the complimentary report today to access the full insights.