White Paper: State of the Industry – November 2024

The November 2024 “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 absorbed the disruptions at the start of the month without any significant impacts.
• The intermodal has continued to see volume growth, acting as a pressure relief valve for the record-high import levels.
• Shipping season on the ocean is past its peak as ocean spot rates and volumes are down, but the election results could create a boost to volumes in the slower period for demand.
• Consumers continue to spend money as retail sales have been better than expected several months in a row.
• The economy is waiting for the industrial side of the economy to wake up, but 2025 appears to be when it will happen, especially if there is another rate cut or two through the end of the year.

Download the complimentary report today to access the full insights.