2014 Freight Market Analysis

Tuesday, January 21, 2014
Photo: Greg Trauthwein

Consultancy and sales company in the transport and logistics industry, CarrierDirect, released its semiannual freight market perspective this month, giving guidance on what to expect for 2014 and how company leadership should be shaping their strategies to compete in the everchanging marketplace.

CarrierDirect said coming from a somewhat better than anemic 2013, the transport and logistics industry has gotten some wind back in its sails as freight tonnage has gone up. Some companies, who may become complacent with comfortable feelings that the industry is back to "how it was", have quickly gone back to old models that made them successful. Meanwhile, other companies – the ostensible new leaders in the industry – are implementing new plans for growth to outcompete their peers in the years ahead.

Some of the themes that CarrierDirect foresees in the years ahead include:

1. Enough GDP growth (between 2 and 3 percent) to keep trucks full, but not necessarily outpace trucking companies' ability to invest in new assets or find drivers

2. Blurring the lines between asset, asset-light and non-asset sectors, as carriers make meaningful steps into the brokerage space and both non-asset and asset-based companies look to asset-light models

3. Brokerages getting larger – through organic and inorganic growth – and developing capabilities to service customers beyond singular modes and become more of a "one stop shop" solution

4. The entrance of new "tech startups" who find creative ways on the asset and non-asset sectors to bring efficiency and value to companies beyond what existing technology vendors provide

5. Asset-based and non-asset companies taking action on a few strategic priorities to avoid being left behind by competition (details inside the perspective)

"The market is going through an interesting transition out there; freight levels are back, but there's a separation between the companies returning to old bad habits and those that are evolving," said Joel Clum, Executive Vice President at CarrierDirect. "We're seeing the market being flooded with professional managers and investors from other industries, as well as some tech startups, who are bringing new ideas, technology and goals for innovation. The old way of doing things has ended and the companies who don't invest in their capabilities to compete in this era of 'new normal' will be left behind."

To download the full report, visit http://carrierdirect.co/our-perspectives/freight-market-2014/.

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Market Growth to Bring More Carnival Ships to China

Eying a rapidly growing cruise market, Carnival Corporation announces plans to sail more ships from China The Chinese cruise market, expected to become the world’s

Saudi Shipper Bahri Q3 Net Profit Rises

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 501 percent increase in third-quarter net profit on Tuesday.

Noreco CEO Quits

Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt

Container Ships

Thordon’s COMPAC for US’ Largest Containerships

Thordon Bearings has signed a contract to supply COMPAC seawater-lubricated propeller shaft bearing solutions to two Jones Act containerships under construction at the Aker Philadelphia Shipyard Inc.

Panama Canal Reports Record Tonnage

The Panama Canal Authority (ACP) announced a new tonnage record, welcoming 340.8 million Panama Canal tons (PC/UMS) through the canal for the 2015 fiscal year – a 4.

NYK Joanna Rescues Fishermen off Philippines Coast

On October 3, NYK Joanna, a containership operated by NYK, rescued seven fishermen in distress off the coast of the Philippines. While the NYK vessel was sailing on October 3 from Vungtau,


Greece: No Plan for Migrant Sea Patrols with Turkey

Greece said on Tuesday it had no plan to carry out joint sea patrols with neighbouring Turkey to stem an influx of migrants and refugees into Europe.   A record 400,

The Future of Well Intervention

Herrenknecht and Ulstein are due to present their vision of the future of heavy well intervention at the Offshore Energy 2015 exhibition in Amsterdam this week.

Wilh. Wilhelmsen, Callenberg Win SHIPPINGInsight Award

Wilh. Wilhelmsen ASA and Callenberg Technology Group were presented the 2015 SHIPPINGInsight Award was today at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition in Stamford, Conn.


Baltic Index Hauled Down by Weak Capesize Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday, primarily due to weak demand for capesize vessels.

Yemeni Port Says First Ship in Weeks Arrives

Press release - Officials at Yemen's Red Sea port of Hodeidah said the first ship to dock there in three weeks arrived on Tuesday, carrying desperately needed fuel,

Saudi Shipper Bahri Q3 Net Profit Rises

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 501 percent increase in third-quarter net profit on Tuesday.


New Orleans Port, CORBA Join forces‏

An agreement signed today by Port of New Orleans officials and industry leaders from the Central Ohio River corridor could help spur commerce between the two regions.

Long Beach Port Delivers Best Quarter

With the best September in its 104-year history, the Port of Long Beach last month moved enough cargo volume to also achieve its busiest quarter, signaling a return to pre-recession trade levels.

Value of Fire-damaged Vessel Disputed

Press release - International Transport Intermediaries Club (ITIC) has reported a case in which hull and machinery insurance underwriters instituted proceedings

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2536 sec (4 req/sec)