Logistics industry market trends you need to know.

GENERAL MARKET TRENDS

POTENTIAL MARKET DISRUPTORS

PORT IMPACTS:

Port Recovery not expected until 2025
US ports are trending to have a 12.8% year-on-year drop in TEU
US ports are estimated to 1.99 million TEUs in Oct and will see a decline in Nov and December to 1.92 million TEUs

SEASONAL TRENDS:

Reefer and Van demand continue to increase
FTL rates should rise to the end of the year
The Fed continues to hold its rate and is expected to hold into 2024; where it stated that there will be 3 cuts
Holiday push saw retail sales rise .3%, online sales 1%, while department stores fell 2.5%

TRANSPORTATION EVENTS:

UPCOMING HOLIDAYS:

Christmas (Monday, December 25)
New Years (Monday, January 1)
Chinese New Year (Saturday, February 10)

WEATHER IMPACT

Southern Colorado, Northern New Mexico, Texas/Oklahoma Panhandles

Weather System: A digging upper low.

Impact: A low pressure system beneath a digging upper trough.

Forecast: Snow over the mountains of southern Colorado and northern New Mexico, extending to the Texas/Oklahoma panhandles

Snow Levels: Additional 4-8 inches expected through early Friday morning.

Movement: East

Additional Weather: Scattered showers and thunderstorms are likely in eastern and southern New Mexico, spreading east through western and central Texas/Oklahoma today.

Temperatures: Below average due to winter conditions and cloud cover for today and tomorrow.

Southern Florida

Weather Feature: A quasi-stationary front.

Forecast: Showers and thunderstorms starting this afternoon, with increasing rainfall leading to a heavy rain event on Saturday.

Risk: Slight Risk (at least 15%) of Excessive Rainfall, particularly in southeast Florida, including the greater Miami metro area.

Concerns: High rain rates over urban areas may lead to flash flooding. There is significant uncertainty regarding the system’s development due to discrepancies in model predictions.