The global trucking and freight markets seem to be rebounding, signaling an end to the post-Covid recession period. Business activity is stabilizing, with volumes and demand on the rise, particularly evident in certain ocean freight lanes where prices are increasing. Although inflation in the freight sector remains high relative to a percentage of the US GDP, the trend is slowly decreasing. However, it remains a point of consideration and concern.
To read more:
- https://www.freightwaves.com/news/us-logistics-inflation-remains-high-despite-11-drop-in-costs
- https://www.cnbc.com/2024/07/17/americas-freight-trucking-recession-over.html
- https://www.modernretail.co/operations/ocean-freight-rates-are-once-again-spiking/
