Freight market report – June 2024

Market updates from Noatum Logistics provide a comprehensive overview of the current trends and projections shaping global trade and transportation sectors.

The OECD, WTO and IMF  have forecasted significant growth in global trade for 2024 and beyond, revising projections upwards, with economic conditions and reduced inflation.

Ocean freight continues to face challenges with rising spot rates, port congestion, and equipment shortages,  while air cargo rates from Middle East and South Asia to Europe have more than doubled compared to last year, and road freight prices in Europe saw a first quarter decline.

As we move forward, it is essential for stakeholders to stay informed and proactive amidst these dynamic market conditions.

We invite you to download the full Market Update document, where you can explore in-depth analysis, sector-specific trends, and expert forecasts shaping the future of global logistics.