Logistics Outlook: Low rates and excess capacity
- davidsmith586
- Jul 12, 2024
- 1 min read
As reported in Freight waves, the logistics industry in 2024 is grappling with low freight rates and excess capacity, stemming from pandemic aftereffects, geopolitical tensions, and slow economic growth. High operating costs, driven by fuel, labor, and regulatory expenses, are straining carriers, leading to a decrease in freight brokers and asset-based carriers. While some recovery signs are visible, overall demand remains subdued. Nearshoring trends and potential global economic rebounds offer hope for increased demand. Industry players need to focus on efficiency, technology, and collaboration to navigate this challenging period.
That is why here at CTW we are developing a network of rail-served facilities connecting the United States, Mexico, and Canada. This network is designed to stabilize shipping costs and reduce carbon emissions while taking all of the advantages of nearshoring. For more information please visit our website at ctwlogistics.com
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