Derived from White Paper: State of the Industry – February 2025

Analytics

State of the Industry – February 2025

The February 2025 “State of the Industry Report” — presented in affiliation with Ryder — offers a comprehensive overview of the trucking, maritime, and intermodal markets, as well as future projections. This in-depth analysis provides key insights into capacity, volumes, and rates.

Key Highlights:

  • Truckload Market: The sector is striving to transcend seasonal trends, with tender rejection rates elevated due to persistent winter conditions.

  • Intermodal Market Growth: Driven by robust import activities, this market continues to surge without significant time constraints.

  • Ocean Volumes and Spot Rates: Although ocean volumes remain strong, spot rates have slightly decreased following an initial attempt by carriers to implement General Rate Increases (GRI) at the start of the year.

  • Consumer Spending and Inflation: Consumer expenditure remains high and inflation is stable. However, the crucial question remains: will this trend continue throughout 2025?

  • Market Capacity: The industry is seeing a continuous exit of capacity, which is anticipated to persist in the first half of the year, despite any potential increases in truckload demand.

For a complete exploration of these insights, download the complimentary report today.

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The insights and data provided in this report are instrumental for Electronic Logging Devices (ELD) and dashcam service providers aiming to navigate the complex dynamics of the logistics industry effectively.

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