Market Updates
Stay informed with up-to-date monthly market insights on both domestic and international logistics.
TL and LTL Monthly Market Update
March 2024
Heading into the last part of Q1 2024, both Truckload and LTL markets have remained stable and subdued. LTL carriers are experiencing strong financial outcomes, driven by positive market trends from 2023 and a reduction in available carrier options. In response, carriers are planning ambitious expansions to capture greater market share and significantly increase their capital expenditure on real estate. Carriers aim to enhance their services to pass on the increased costs to customers through improved yields. However, they must first demonstrate the value of these improvements to customers.
International Market Update
March 2024
IL2000 is closely monitoring ongoing delays in the Red Sea and Gulf of Aden, now entering the 80th day without resolution. We advise customers to anticipate disruptions in space availability, increased transit times, and rising costs due to carrier GRIs this month.
The TPM24 conference, themed "Extreme Normalization Fallout," from March 3 to 6, aims to predict market trends for the year and beyond. We'll share key insights from the conference with you soon.
Archive of Domestic Market Reports