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Ocean shipping: The tide turns

In 2023, ocean shippers saw ample capacity and falling rates. This year, however, that trend has reversed due to labor disruption, geopolitical issues, and rising demand.

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A new outlook that’s a lot like the old outlook

Growth in the freight and logistics markets stalled in 2023 owing to overstocking, weak demand, and excess capacity. Expect more of the same in 2024.

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Choppy waters

Summer has been one for the history books as the market wrestled with UPS’ labor negotiations, FedEx’s restructuring, downshifting consumer spending, and slackening parcel demand.

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Market throws last-mile providers a change-up

The pandemic supercharged last-mile delivery as stuck-at-home consumers ordered everything from treadmills to computers and furniture for their homes. Now with COVID subsiding, pocketbooks thinner, and inflation rising, is last-mile growth hitting a wall?

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Adjusting to uncertainty

Unpredictable ocean-shipping rates and continued port congestion will make navigating peak season challenging for shippers.

Bracing for changing seas
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Bracing for changing seas

The maritime industry could see some major changes this upcoming year. IMO 2020, which governs ship emissions, will require significant investments in new fuel and/or technology. Meanwhile port expansion and upgrade efforts continue to boom across the United States.

Bumpier road ahead
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Bumpier road ahead

Trucking companies had a banner year in 2018, setting new records for everything from tonnage to revenues. Matching that won't be easy.