2014 Freight Market Analysis

MarineLink.com
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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Container Ships

VT Halter Powers Ahead

If you drive just south of I-10 in Pascagoula, Miss., within 10 minutes you find yourself on the doorstep of VT Halter Marine, arguably one of the more diverse and active shipyards in the U.

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

SDARI Inks Agreement for INTERSCHALT Loading Software

INTERSCHALT maritime systems AG, a maritime software and services provider of loading computers on board containerships, signed a cooperation agreement with the

News

Two Rescued from Sinking Shrimp Boat

Two fishermen were rescued from their sinking shrimp boat by a U.S. Coast Guard aircrew Friday off the coast of Saint Simons Island near Brunswic, Georgia.   Watchstanders

IMO: Making Ferries Safer

The International Maritime Organization (IMO) domestic ferry safety conference in Manila April 24 has adopted guidelines to aid the process of reducing the mounting

Judge Orders Migrant Boat to Remain in Custody

An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after prosecutors

Logistics

Kenya Eyes Inland Cargo Logistics Hub to Serve Nearby States

Kenya aims to build a cargo logistics hub near the border with Uganda to receive and clear goods through customs that arrive by air, rail or road, easing pressure

Baltic Index Inches Up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Friday on increased rates for bigger vessels.

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

Consulting

Salvage and Wreck Removal Conference

HINODE Events and Services Pvt Ltd., have announced the 4th Annual Conference on Salvage and Wreck Removal in India to be held on Wednesday, July 8, 2015 at Visakhapatnam on India's East Coast.

Technip dividend FY 2014

At the Annual General Meeting, held today, Technip’s shareholders approved the proposed €2.00 per share dividend for the 2014 financial year and decided to offer

GSF and BIMCO Publish Standard Box Freight Document

The Global Shippers Forum (GSF) has joined forces with the Baltic International Maritime Council Organisation (BIMCO) to launch the BIMCO/GSF SERVICECON container shipping contract.

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1723 sec (6 req/sec)