Transportation & Logistics Industry Update 3Q24 Executive Summary
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novembre 25, 2024
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The transportation and logistics (“T&L”) 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.
In addition to FTI Consulting’s 3Q24 Transportation & Logistics Industry Update, the full 61-page 3Q24 report is available upon request. Please reach out to our experts in the key contacts section for access.
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novembre 25, 2024
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