Transportation & Logistics Industry Update 1Q24 Executive Summary
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May 22, 2024
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The first quarter of 2024 brought unforeseen challenges to the transportation and logistics industry. The revelation of domestic infrastructure flaws through incidents like the Francis Scott Key Bridge collapse and the 2023 East Palestine train derailment has sparked wide debate about the stability of infrastructure in the country. Globally, congested ports in Europe and Asia continued to drive up maritime shipping prices, resulting in costly delays for customers.
FTI Consulting’s 1Q24 Transportation & Logistics Industry Update executive summary examines the global freight market outlook, key sector trends, current rerouting challenges and the implications of the Key Bridge collapse and East Palestine rail derailment on U.S. infrastructure.
In addition to the executive summary, the full 59-page 1Q24 Transportation & Logistics report is available upon request. Please reach out to our experts in the key contacts section for access.
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