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Executive Editor : Mark Szakonyi 202.872.1234 , mark . szakonyi @ spglobal . com
Managing Editor : Benjamin Meyer 916.716.6272 , benjamin . meyer @ spglobal . com
Managing Editor : Kevin Saville , 212.488.4282 , kevin . saville @ spglobal . com
Fourth Quarter Trucking Report : Analyzing the Peak Season
October 24 , 2024 , 2:00 PM EDT
After a two-year-plus freight downturn , trucking companies along and their customers are looking forward to heightened demand . The US Federal Reserve ’ s interest rate cuts in September likely set the stage for not only improvements in manufacturing and housing demand that will generate freight , but also lower capital costs for companies looking to expand by acquisition . Even before September ’ s half-point rate cut , freight volumes were beginning to increase , as consumer spending rallied over the summer and more goods hit the road earlier than expected . All this has shippers bracing for truckload rate increases , perhaps in the fourth quarter but certainly down the road in 2025 . Will demand push rates up sharply during the next round of contract talks ? Or will the availability of capacity blunt rate hikes and pave a more moderate path toward growth in transportation pricing in 2025 ? https :// bit . ly / 3MVey1Z
FEATURED CONTENT
AI and the Logistics Technology Revolution : Where Automation Makes the Most Sense for Shippers
On demand , Free
Discussion of artificial intelligence is everywhere these days . It ’ s literally impossible to avoid the impact it is purportedly having across our personal and professional lives . The logistics industry is no different . The default setting for every vendor and third-party logistics provider is to pronounce that its capabilities are AI-powered . That leaves buyers of logistics technology in a tricky position because most are not experts in technology , much less AI . AI will definitely affect the logistics industry , from making companies more efficient and accurate , to unlocking decision-making that lies beyond the reach of humans . It also will change the nature of the logistics workforce . But exactly how and when those changes will occur is not yet clear . https :// bit . ly / 3Ti0Ae1
RESOURCES
Top 100 Importers and Exporters https :// bit . ly / 3Vbpn4M
Senior Editors : William B . Cassidy Trucking and Domestic Transportation 202.872.1228 , bill . cassidy @ spglobal . com
Bill Mongelluzzo , West Coast 562.428.5999 , bill . mongelluzzo @ spglobal . com
Eric Johnson , Technology 213.444.9326 , eric . johnson @ spglobal . com
Janet Nodar , Breakbulk and Heavy Lift 251.408.2090 , janet . nodar @ spglobal . com
Greg Knowler , Europe + 44.797.679.8770 , greg . knowler @ spglobal . com
Ari Ashe , Southeast Ports , Intermodal Rail 202.548.7895 , ari . ashe @ spglobal . com
Michael Angell , Northeast ports , 646.505.4712 , michael . angell @ spglobal . com
Laura Robb , Associate Editor 281.216.0456 , laura . robb @ spglobal . com
Senior Research Analyst , Project and Breakbulk Cargo : Susan Oatway , FICS , + 44.7930.411659 susan . oatway @ spglobal . com
Senior Contributor : Cathy Morrow Roberson , 732.730.2533 , cathy . morrowroberso @ spglobal . com
Data Hub Manager : Marcin Lejk , + 44.58.741.6270 , marcin . lejk @ spglobal . com
Shipper Engagement Manager , Breakbulk : Diana Hamm , 832.499.7368 , diana . hamm @ spglobal . com
Senior Editor , Special Projects : Alessandra Gregory Barrett , 860.248.5238 , alessandra . barrett @ spglobal . com
Senior Associate Editor , Special Projects : Ariane Herrera , 215.789.7478 , ariane . Herrera @ spglobal . com
Special Projects Coordinator : Amanda Hunter , 212.205.1226 , amanda . hunter @ spglobal . com
Senior Designer : Sue Abt , sue . abt @ spglobal . com
Designer : Hannah Kidd , + 44 203 253 2134 , hannah . kidd @ spglobal . com
Around the World Photos / Shutterstock . com
Intermodal reliability must improve to capture just-in-time freight : execs
Domestic intermodal service has improved over the past two years , but many shippers remain cautious and unwilling to entrust time-sensitive freight to the rails , according to intermodal executives at the Journal of Commerce Inland Distribution Conference 2024 ( Inland24 ). https :// bit . ly / 3U2BqAe nitpicker / Shutterstock . com
Peak season surge drives up Cosco ’ s estimated nine-month earnings
Chinese state-owned container carrier Cosco Shipping expects to report a net profit of $ 6.17 billion for the first nine months of 2024 , a 67 % increase year over year , with its performance lifted by strong third-quarter peak season demand on the trans-Pacific and Asia – Europe trade lanes . https :// bit . ly / 3ZWwgJS
Sales : Cindy Cronin , Director APAC sales , 954.260.6061
Jean Gibbons , Senior Sales Executive West Coast , FL , GA sales , 706.469.7160
Kimberly Davis Guerra , Senior Sales Executive Midwest , Gulf , Latin America sales , 832.370.6350
John Knowles , Sales Manager EMEA , AU sales , + 44.777.997.4677
Allyson Marek , Senior Sales Executive Northeast sales , 727.337.3010
Elaine Nosaka , Senior Sales Executive VA , NC , SC , Canada sales , 703.447.9555
UPCOMING EVENTS events . joc . com
TPM25 : March 2-5 , 2025 | Long Beach , California Breakbulk & Project Cargo Conference : April 23- 25 , 2025 | New Orleans , Louisiana Inland Distribution Conference : September 29-October 1 , 2025 | Chicago , Illinois
Journal of Commerce ( USPS 279 – 060 ), ISSN 1530-7557 , October 21 , 2024 , Volume 25 , Issue No . 22 . Journal of Commerce is published biweekly except the last week in December ( printed 25 times per year ) by JOC Group Inc ., 55 Water St ., 39th Floor , New York , N . Y . 10041 . Subscription price : $ 595 a year . Periodicals postage paid at New York , N . Y ., and additional mailing offices . © All rights reserved . No portion of this publication may be copied or reprinted without written permission from the publisher . POSTMASTER : Please send address changes to Journal of Commerce , Subscription Services Department , 55 Water St ., 39th Floor , New York , N . Y . 10041 .
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