White Paper: State of the Industry – September 2024

The September 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 as we enter into the first quarter.

In this report, you will find:

• The truckload market has been fairly stable as rejection rates have trended sideways and tender volumes shook off the slow start to August.
• The intermodal market has seen volumes grow on the heels of stronger import levels, but pricing remains challenged.
• Ocean peak season is here as demand on the ocean continues to set new YTD highs, but potential labor disputes could create chaos in the back half of September.
• Lower interest rates are on the way in September, but the question is: how large is the cut and will there be another this year? The answers to these questions will determine how fast dry powder gets deployed to the market.
• The macroeconomic conditions remain fairly strong, though there are signs of weakness starting to appear in the labor market.

Download the complimentary report today to access the full insights.