White Papers Logistics market outlook for the 3Q of 2024

The global economy is showing moderate growth amid uncertainty. On the other hand, in ocean freight market, the ongoing Red Sea crisis has pushed the SCFI Composite Index close to the 4,000 mark. Despite measures like temporary cancellations and reduced berth utilization rates, the supply shortage continues to worsen. The air fright market is increasing volatility due to the peak season and the Olympics while demand has recorded double-digit growth for five consecutive months.

This white paper delves into the logistics market in 2Q 2024 with various indicators and forecasts the market for 3Q based on predictions from major organizations in the ocean and air sectors.

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White Papers Logistics market outlook for the 3Q of 2024

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