January 2025 Market Update
January 2025 Market Update Transportation Trends General Outlook Inflation dropped to 2.9% in December. This was still above the Federal Reserve’s target rate of 2%. Spending per household increased by 2.2% in 2024. Spending was up 0.7% in December 2024, compared to November 2024. The current Unemployment rate is 4.1% Unemployment rate remains relatively stable […]
All Shipping Solutions Are Not Created Equal
The food and meat supply chain industry is at a pivotal moment as technology advancements reshape the way businesses operate. Not to mention, refrigerated or reefer shipping comes with its own set of unique requirements, compliance standards, and challenges that set it apart from regular shipping. Maintaining precise temperature ranges and adhering to strict food safety regulations requires food shippers to navigate complexities that demand specialized technology and processes, and failure to comply can lead to significant financial losses, strained relationships with retailers, and reputational damage.
December 2024 Market Update
December 2024 Market Update Transportation Trends General Outlook November added 227,000 jobs, however, unemployment rose to 4.2%. Manufacturing production increased by 0.2% in November. Manufacturing is still down 1% year-over-year Mortgage rates on a 30-year fix fell by 18 basis points in November to 6.6%. This is still high when compared to historic levels. LTL […]
November 2024 Market Update
November 2024 Market Update Transportation Trends General Outlook The Federal Reserve is expected to cut interest rates by 50 basis points by the end of 2024. 1% unemployment rate as we head into the end of the year. Inflation remains above 2%, rate cuts could help boost consumer spending heading into the holiday season. Industrial […]
GREEN LOGISTICS: DLX Boosts Sustainability Efforts with SmartWay Certification and New XTMS Tool
The U.S. freight industry is on track for significant growth by 2030, with total freight tonnage reaching an estimated 20.6 billion tons – a 25.6 percent increase from 2019.
October 2024 Market Update
October 2024 Market Update Transportation Trends General Outlook Inflation continues to fall as we head into Q4, and more interest rate cuts are likely to make an impact to the market in 2025. Unemployment fell to 4.1%, with the labor force participation keeping strong at 62.7%. New Orders increased in September 1.5 points making the […]
September 2024 Market Update
September 2024 Market Update Transportation Trends General Outlook The Federal Open Market Committee (FOMC) announced a 50-basis point cut to the federal fund rates. The target range is now between 4.75%-5%. Unemployment fell to 4.2%, with the labor force participation keeping strong at 62.7%. New Orders fell in August dropping 2.8 points making the mark […]
NMFTA Plans Additional LTL Changes for 2025
In 2025, the National Motor Freight Traffic Association (NMFTA) plans to roll out additional changes to how we classify different commodities in the Less-than-Truckload (LTL) environment. These plans support the NMFTA’s ongoing migration to shifting more products into density-based freight classifications. The NMFTA has stated that the changes will occur in phases, with the first series of changes going into effect on Saturday, May 3, 2025.
