January 16, 2024

What is happening in the Freight Market in January 2024?

The January 2024 global freight market PDF updates include the latest on what is happening in the Air freight, Ocean freight and Ground markets. The downloads are available for you in PDF. Please don't hesitate to get in touch with your Crane Worldwide Logistics representative or reach out to us here for further information on how we can support your business.

With increased investment in our global presence, Crane Worldwide Logistics continues to grow where our clients need us to be. With our own U.S. domestic trucking service, we can provide full integrated logistics solutions including contract logistics and freight forwarding expertise.

• Check out our latest client advisory on the Red Sea vessel attacks here
• The container supply chain could be hit by events in the red sea, but what is it? Learn more here
• Lunar New Year 2024 will shortly be upon us, check out the dates for the CNY celebrations and don't forget to plan ahead, available here
• Don't forget you can listen in to all the latest market updates on our "Coffee with Crane" podcast available on your favorite podcast player or online here.

Air Freight News

• YoY growth in international CTKs was evident on a global scale (+8.1%), with positive trends observed across major trade routes, except for intra-Europe routes. Routes involving the Middle East and Asia were particularly influential in driving this annual growth.

Download Air Freight Update

Ocean Freight News

• The Red Sea situation continues, the majority of carriers are utilizing the routing via the Cape of Good Hope in lieu of the Suez Canal. 
• Congestion in ports, equipment shortages, and canceled sailings due to delays caused by the Red Sea situation are expected in the following weeks

Download Ocean Freight Update

Ground Freight News

• Potential freight rebound faces barriers in 2024, analysts say. Reducing excess capacity is not enough to spur a freight rebound on its own, experts said. Analysts say a sudden rebound in the market in the first half of 2024 isn’t expected.

Download Ground Freight Update

Get in touch with your local Crane Worldwide Logistics representative or reach out HERE if you would like to discuss your upcoming shipment requirements in 2024. We are here to help!