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Global trade continued to feel the strain in September, with export orders contracting for a fifth month. While manufacturing output returned to growth, momentum remains uneven across regions and modes.
The September 2025 Noatum Logistics Market Report explores the shifting dynamics shaping global freight markets — from ocean oversupply to resilient air cargo and the rising costs influencing warehousing and contract logistics.
Key Highlights
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Ocean Freight: Capacity oversupply and weaker Asia–Europe demand push spot rates to their lowest since 2023, while transpacific lanes show relative stability.
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Air Freight: Asia-linked lanes remain resilient, with year-to-date global volumes up 3.5% and India–Europe demand still elevated. Rates, however, continue to fluctuate amid tariff volatility.
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Overland: European road freight steadies as manufacturing indicators improve, though consumer sentiment remains fragile and spot rates stay under pressure.
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Contract Logistics: Digital transformation and automation drive sustained expansion, with occupier take-up up 33% in H1 2025.
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Warehousing: Costs rise sharply across Europe, where labour and rent indices now stand over 25% above 2022 levels, as ESG investment and consolidation reshape the sector.
From tariffs to technology and sustainability, the latest report examines how global supply chains are adapting to an era of cost pressure, capacity shifts, and regional divergence.
Download the full September 2025 Market Report to explore detailed analysis across Ocean, Air, Road, Contract Logistics and Warehousing.
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