Why Are Freight Rates So Low 2024. How analytics will reshape transportation in 2023,. Click here to access “freight focus,” our annual report reviewing 2023 and looking ahead to 2024 cracking the code:
According to a recent freight rate forecast, ocean rates will experience a downward trajectory in 2024 and the aftereffects could linger in 2025. Rates will likely remain low for the first nine months of 2024, with a potential for growth and a return to true peak shipping season in q4.
As Capacity Continues To Correct, The Freight Rate Cycle Will Begin To Move At A Faster Pace (Perhaps Later This Year;
And a whopping 7.5 points more.
More Trucks Competing For Fewer Loads Drives Rates Downward.
The cass freight index for december showed a 2.1% increase in shipments.
The Trucking Sector, Already Facing Extreme Financial Stress, Expects Lower Freight Orders And Revenue This Holiday Season.
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The Average Spot Rate For Dry Van Was $2.08 Per Mile In August, According To Dat.
The trucking sector, already facing extreme financial stress, expects lower freight orders and revenue this holiday season.
According To Sonar’s Outbound Tender.
Drewry has estimated that container freight rates may decline by 40 per cent in the next decade — as it predicts volatile trends in a market that could stabilise by 2024.
While Carriers Who Rely On Spot Freight Are Expected To Face Tougher Conditions In The Coming Months, There Is A Light At The End Of The Tunnel.