{"id":24810,"date":"2025-01-23T16:42:32","date_gmt":"2025-01-23T21:42:32","guid":{"rendered":"https:\/\/www.odysseylogistics.com\/?post_type=blog&#038;p=24810"},"modified":"2025-07-07T12:15:26","modified_gmt":"2025-07-07T16:15:26","slug":"north-american-market-update-december-2024","status":"publish","type":"blog","link":"https:\/\/www.odysseylogistics.com\/blog\/north-american-market-update-december-2024\/","title":{"rendered":"North American market update: December 2024"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"24810\" class=\"elementor elementor-24810\" data-elementor-post-type=\"blog\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff0e82b e-flex e-con-boxed e-con e-parent\" data-id=\"ff0e82b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a4da8d elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"2a4da8d\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h6&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;fas fa-circle&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet_extra&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tContents:\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__2a4da8d\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__2a4da8d\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__2a4da8d\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2768370 elementor-widget elementor-widget-heading\" data-id=\"2768370\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Odyssey Network Indicators<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a785f2 elementor-widget elementor-widget-image\" data-id=\"8a785f2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"624\" height=\"390\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/1.png\" class=\"attachment-full size-full wp-image-24818\" alt=\"Key Network Performance Indicators chart from November 2024 - December 2024\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/1.png 624w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/1-300x188.png 300w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-954f3b0 e-flex e-con-boxed e-con e-parent\" data-id=\"954f3b0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d704147 elementor-widget elementor-widget-heading\" data-id=\"d704147\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Shipper Actions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a30f72a elementor-widget elementor-widget-text-editor\" data-id=\"a30f72a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIn today&#8217;s competitive environment, becoming a preferred shipper to carriers can help improve attaining sufficient capacity. Things that shippers offer that help reach this status can include:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fd912e elementor-widget elementor-widget-text-editor\" data-id=\"6fd912e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAccuracy:\n<ul>\n \t<li>Forecast for the end of month\/end of quarter &#8211; plan for surges in your needs to assure coverage<\/li>\n<li>Develop order lead time &#8211; at least 5 days in advance. ask carriers for &#8220;best case&#8221; options\n<\/li>\n<\/ul>\nSpecificity:\n<ul>\n \t<li>Request delivery windows from customers\u2026often 8 a.m. deliveries are requested when product really is not need until much later. A window of 8-10 a.m. may have a better chance of coverage.<\/li>\n<li>Spread delivery times our across the day<\/li>\n<li>Assess what your customers really need. Make sure that customer delivery requirements are up to date and accurate. Do not over-require equipment\/assessorials that are not needed<\/li>\n<\/ul>\nFlexibility:\n<ul>\n \t<li>Offer flexible load times<\/li>\n \t<li>Explore\/ be open to mode options including intermodal<\/li>\n<\/ul>\nDriver-friendliness:\n<ul>\n \t<li>Load\/unload within the normal 2 hours-time is money to drivers<\/li>\n \t<li>Provide creature comforts (clean restrooms, rest areas, free Wi-Fi, a cup of coffee, etc.)<\/li>\n<\/ul>\nConsistency:\n<ul>\n \t<li>Offer consistent volume that carriers can plan against<\/li>\n \t<li>Reduce order changes \u2013 a new date may put coverage at risk<\/li>\n<\/ul>\nEfficiency:\n<ul>\n \t<li>Maximize payload on trucks<\/li>\n \t<li>Utilize trailer drop yards at high volume origins when possible<\/li>\n \t<li>Prioritize loading\/unloading trucks quickly at facilities<\/li>\n<\/ul>\nPromptness:\n<ul>\n \t<li>Pay carriers within their contracted freight terms- cash flow is vital to carriers<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7af9fa5 e-con-full e-flex e-con e-child\" data-id=\"7af9fa5\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-739d3fd elementor-widget elementor-widget-heading\" data-id=\"739d3fd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Economic Update<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-943817e elementor-widget elementor-widget-text-editor\" data-id=\"943817e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>GDP Change<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81a1a11 elementor-widget elementor-widget-image\" data-id=\"81a1a11\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"447\" height=\"453\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/2.png\" class=\"attachment-full size-full wp-image-24826\" alt=\"bar graph of the Real GDP: Percent change from preceding quarter\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/2.png 447w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/2-296x300.png 296w\" sizes=\"(max-width: 447px) 100vw, 447px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-594e68a elementor-widget elementor-widget-text-editor\" data-id=\"594e68a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.bea.gov\/news\/2024\/gross-domestic-product-third-estimate-corporate-profits-revised-estimate-and-gdp-1\" target=\"_blank\" rel=\"noopener\">Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2024 | U.S. Bureau of Economic Analysis (BEA)<\/a><\/p><ul><li>Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024 (table 1), according to the &#8220;third&#8221; estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent.<\/li><li>This GDP estimate is based on more complete source data than were available for the &#8220;second&#8221; estimate issued last month, where the increase in real GDP was 2.8 percent.<\/li><li>The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment.<\/li><li>Imports, which are a subtraction in the calculation of GDP, increased and were revised up.<\/li><li>Compared to the second quarter, the deceleration in real GDP in the third quarter primarily reflected a downturn in private inventory investment and a larger decrease in residential fixed investment. These movements were partly offset by accelerations in exports, consumer spending, and federal government spending. Imports accelerated.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4b6e5eb e-flex e-con-boxed e-con e-child\" data-id=\"4b6e5eb\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4112380 elementor-widget elementor-widget-text-editor\" data-id=\"4112380\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Inflation \/ CPI<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53f0726 elementor-widget elementor-widget-image\" data-id=\"53f0726\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"525\" height=\"434\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/3.png\" class=\"attachment-full size-full wp-image-24825\" alt=\"chart with 12-month percentage change, Consumer Price Index, selected categories, December 2024, not seasonally adjusted\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/3.png 525w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/3-300x248.png 300w\" sizes=\"(max-width: 525px) 100vw, 525px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6b9a40 elementor-widget elementor-widget-text-editor\" data-id=\"b6b9a40\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.bls.gov\/charts\/consumer-price-index\/consumer-price-index-by-category.htm\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bls.gov\/charts\/consumer-price-index\/consumer-price-index-by-category.htm<\/a><\/p>\n<ul>\n<li>The all-items index rose 2.9 percent for the 12 months ending December, after rising 2.7 percent over the 12 months ending November. The all items less food and energy index rose 3.2 percent over the last 12 months. The energy index decreased 0.5 percent for the 12 months ending December. The food index increased 2.5 percent over the last year.<\/li>\n<li>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in December, after rising 0.3 percent in November, the U.S. Bureau of Labor Statistics reported today.<\/li>\n<li>The index for all items less food and energy rose 0.2 percent in December, after increasing 0.3 percent in each of the previous 4 months. Indexes that increased in December include shelter, airline fares, used cars and trucks, new vehicles, motor vehicle insurance, and medical care. The indexes for personal care, communication, and alcoholic beverages were among the few major indexes that decreased over the month.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eaf2f98 e-flex e-con-boxed e-con e-child\" data-id=\"eaf2f98\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e2d4492 elementor-widget elementor-widget-text-editor\" data-id=\"e2d4492\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Unemployment<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34151e7 elementor-widget elementor-widget-image\" data-id=\"34151e7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"514\" height=\"397\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/4.png\" class=\"attachment-full size-full wp-image-24824\" alt=\"graph of civilian unemployment rate, seasonally adjusted\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/4.png 514w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/4-300x232.png 300w\" sizes=\"(max-width: 514px) 100vw, 514px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-750d4b4 elementor-widget elementor-widget-text-editor\" data-id=\"750d4b4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.bls.gov\/charts\/employment-situation\/civilian-unemployment-rate.htm\" target=\"_blank\" rel=\"noopener\">https:\/\/www.bls.gov\/charts\/employment-situation\/civilian-unemployment-rate.htm<\/a><\/p><ul><li>Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, according to the U.S. Bureau of Labor Statistics.<\/li><li>Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following a job loss in November.<\/li><li>This news release presents statistics from two monthly surveys.<ul><li>The household survey measures labor force status, including unemployment, by demographic characteristics.<\/li><li>The establishment survey measures nonfarm employment, hours, and earnings by industry.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab55078 elementor-widget elementor-widget-text-editor\" data-id=\"ab55078\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Household Survey Data<\/p><ul><li>The unemployment rate changed little at 4.1 percent in December. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December.<\/li><li>In December, the number of long-term unemployed (those jobless for 27 weeks or more) changed little at 1.6 million but is up by 278,000 from a year earlier. The long-term unemployed accounted for 22.4 percent of all unemployed people in December.<\/li><li>The labor force participation rate, at 62.5 percent, was unchanged over the month and has remained in a narrow range of 62.5 percent to 62.7 percent since December 2023. The employment-population ratio, at 60.0 percent, changed little over the month and over the year.<\/li><li>The number of people not in the labor force who currently want a job, at 5.5 million, was unchanged in December. These individuals were not counted because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-342f395 elementor-widget elementor-widget-text-editor\" data-id=\"342f395\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tEstablishment Survey Data\n<ul>\n \t<li>Total nonfarm payroll employment rose by 256,000 in December. Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following a job loss in November. Payroll employment rose by 2.2 million in 2024 (an average monthly gain of\n186,000), less than the increase of 3.0 million in 2023 (an average monthly gain of 251,000).<\/li>\n \t<li>Retail trade added 43,000 jobs in December, following a loss of 29,000 jobs in November. In December, employment increased in clothing, clothing accessories, shoe, and jewelry retailers (+23,000); general merchandise retailers (+13,000); and health and personal care retailers (+7,000). Building material and garden equipment and supplies dealers lost jobs (-11,000). Overall, employment in retail trade changed little in 2024, following an average monthly increase of 10,000 in 2023.<\/li>\n<li>Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; transportation and warehousing; professional and business services; and other services.<\/li>\n<li>In December, average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3 percent, to $35.69. Over the past 12 months, average hourly earnings have increased by 3.9 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees, at $30.62, were little changed (+6 cents).<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-53139e7 e-flex e-con-boxed e-con e-child\" data-id=\"53139e7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-88a3790 elementor-widget elementor-widget-text-editor\" data-id=\"88a3790\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>U.S. Truck Transportation Employment<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81ccf6b elementor-widget elementor-widget-image\" data-id=\"81ccf6b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"260\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/5.png\" class=\"attachment-full size-full wp-image-24823\" alt=\"chart of U.S. Truck Transportation employment\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/5.png 662w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/5-300x118.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-464a789 elementor-widget elementor-widget-text-editor\" data-id=\"464a789\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/fred.stlouisfed.org\/series\/CEU4348400001\" target=\"_blank\" rel=\"noopener\">All Employees, Truck Transportation (CEU4348400001) | FRED | St. Louis Fed<\/a>\n\nTruck employment declined in December\n<ul>\n \t<li>At 1.551M in December compared to 1.563M in November, on a non-seasonally adjusted basis<\/li>\n \t<li>And only slightly below the 1.558M persons employed in December 2023<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16087be e-flex e-con-boxed e-con e-child\" data-id=\"16087be\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-477e041 elementor-widget elementor-widget-heading\" data-id=\"477e041\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Manufactured Goods \u2013 New Orders<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9dfffce elementor-widget elementor-widget-image\" data-id=\"9dfffce\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"435\" height=\"316\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/6.png\" class=\"attachment-full size-full wp-image-24822\" alt=\"graph of manufactured foods - new orders\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/6.png 435w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/6-300x218.png 300w\" sizes=\"(max-width: 435px) 100vw, 435px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffc3373 elementor-widget elementor-widget-text-editor\" data-id=\"ffc3373\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.census.gov\/manufacturing\/m3\/current\/index.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.census.gov\/manufacturing\/m3\/current\/index.html<\/a><\/p><ul><li>New orders for manufactured goods in November, down three of the last four months, decreased $2.1 billion or 0.4 percent to $586.1 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent October increase.<\/li><li>Shipments, following three consecutive monthly decreases, increased $0.7 billion or 0.1 percent to $586.3 billion. This followed a 0.2 percent October decrease.<\/li><li>Unfilled orders, up fifty-one of the last fifty-two months, increased $4.6 billion or 0.3 percent to $1,404.8 billion. This followed a 0.5 percent October increase.<\/li><li>The unfilled orders-to-shipments ratio was 7.07, up from 7.04 in October. Inventories, following two consecutive monthly decreases, increased $2.5 billion or 0.3 percent to $859.3 billion. This followed a 0.1 percent October decrease.<\/li><li>The inventories-to-shipments ratio was 1.47, up from 1.46 in October.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3722d73 e-flex e-con-boxed e-con e-child\" data-id=\"3722d73\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-632f7c5 elementor-widget elementor-widget-heading\" data-id=\"632f7c5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Transportation Update<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e5f54c elementor-widget elementor-widget-text-editor\" data-id=\"9e5f54c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Fuel<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c2673b elementor-widget elementor-widget-image\" data-id=\"8c2673b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"436\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/7.png\" class=\"attachment-full size-full wp-image-24821\" alt=\"Chart of On-highway diesel fuel prices\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/7.png 662w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/7-300x198.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48780b4 elementor-widget elementor-widget-text-editor\" data-id=\"48780b4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.eia.gov\/petroleum\/gasdiesel\/?os=frefapp\" target=\"_blank\" rel=\"noopener\">https:\/\/www.eia.gov\/petroleum\/gasdiesel\/?os=frefapp<\/a><\/p><p>The national average price of diesel for the week of December 30 stood at $3.52 per gallon, a decrease of 2 cents from four weeks prior in November.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-843d52c e-flex e-con-boxed e-con e-child\" data-id=\"843d52c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-447ab16 elementor-widget elementor-widget-text-editor\" data-id=\"447ab16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Transportation Capacity<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e0f007 elementor-widget elementor-widget-image\" data-id=\"0e0f007\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"568\" height=\"415\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/8.png\" class=\"attachment-full size-full wp-image-24820\" alt=\"Graph of Transportation Capacity\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/8.png 568w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/8-300x219.png 300w\" sizes=\"(max-width: 568px) 100vw, 568px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Source: CSCMP LMI<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5130df elementor-widget elementor-widget-text-editor\" data-id=\"b5130df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.the-lmi.com\/december-2024-logistics-managers-index.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.the-lmi.com\/december-2024-logistics-managers-index.html<\/a><\/p><ul><li>The Transportation Capacity Index registered 53.2 in December 2024. This constitutes a small increase of .6 points from last month\u2019s reading. As such, with this third consecutive increase the Transportation Capacity index remains on a slight upward trajectory and above the critical threshold.<\/li><li>Despite this increase, the index is at more than 10 points below the level indicated one year ago and more than 16 points below the level indicated two years ago. As such, the Transportation Capacity index, although in expansion territory and on a slight increasing trajectory, remains relatively subdued<\/li><li>The future Transportation Capacity index is slightly down, now at 50.0 indicating expectations of stable Transportation Capacity over the next 12 months.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e0be752 e-flex e-con-boxed e-con e-child\" data-id=\"e0be752\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4908d65 elementor-widget elementor-widget-text-editor\" data-id=\"4908d65\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Transportation Prices<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7edbed elementor-widget elementor-widget-image\" data-id=\"c7edbed\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"566\" height=\"433\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/9.png\" class=\"attachment-full size-full wp-image-24819\" alt=\"Graph of Transportation Prices\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/9.png 566w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/9-300x230.png 300w\" sizes=\"(max-width: 566px) 100vw, 566px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Source: CSCMP LMI<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-781dc7e elementor-widget elementor-widget-text-editor\" data-id=\"781dc7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.the-lmi.com\/december-2024-logistics-managers-index.html\" target=\"_blank\" rel=\"noopener\">https:\/\/www.the-lmi.com\/december-2024-logistics-managers-index.html<\/a><\/p><ul><li>The Transportation Prices Index indicates 66.8 in December 2024, which corresponds to an increase of 3 points from the previous month, establishing a new two-year maximum. As such, the upwards pressure on the Transportation Price Index resumes.<\/li><li>The future index for Transportation Prices retreats 3.9 points and is now at 77.0. Despite this retreat, the index continues to indicate very strong expectations of higher Transportation Prices in the next 12 months.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c725d5c e-flex e-con-boxed e-con e-child\" data-id=\"c725d5c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d7f11fa elementor-widget elementor-widget-text-editor\" data-id=\"d7f11fa\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Cass Freight &amp; Truckload Index<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ed778b elementor-widget elementor-widget-image\" data-id=\"4ed778b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/elementor\/thumbs\/10-r0g480hjdn5rpsljctefjfuq1h5tgvyiatkf7u318y.png\" title=\"10\" alt=\"Table of cass freight and truckload index\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">SA = Seasonally Adjusted<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5220619 elementor-widget elementor-widget-text-editor\" data-id=\"5220619\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: Cass Information Systems, Inc.<\/p><p><a href=\"https:\/\/www.cassinfo.com\/freight-audit-payment\/cass-transportation-indexes\/december-2024\" target=\"_blank\" rel=\"noopener\">https:\/\/www.cassinfo.com\/freight-audit-payment\/cass-transportation-indexes\/december-2024<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afdc466 elementor-widget elementor-widget-image\" data-id=\"afdc466\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"526\" height=\"324\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/11.png\" class=\"attachment-full size-full wp-image-24831\" alt=\"chart of Cass Truckload Linehaul Index\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/11.png 526w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/11-300x185.png 300w\" sizes=\"(max-width: 526px) 100vw, 526px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-568a1c4 elementor-widget elementor-widget-text-editor\" data-id=\"568a1c4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: Cass Information Systems, Inc.<\/p><p><a href=\"https:\/\/www.cassinfo.com\/freight-audit-payment\/cass-transportation-indexes\/truckload-linehaul-index\" target=\"_blank\" rel=\"noopener\">https:\/\/www.cassinfo.com\/freight-audit-payment\/cass-transportation-indexes\/truckload-linehaul-index<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63e362c elementor-widget elementor-widget-text-editor\" data-id=\"63e362c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Cass Truckload Linehaul Index is a measure of market fluctuations in per-mile \u00a0truckload linehaul rates, independent of additional cost components such as fuel and accessorials.<\/p><p>The Cass Truckload Linehaul Index rose 1.2% m\/m in December, the fourth straight small increase from a cycle low in August<\/p><ul><li>The year-over-year decline narrowed to 0.4% in December from 1.1% in November. This index may turn positive for the first time in two years, possibly as early as January.<\/li><li>This index is a broad truckload market indicator and includes both spot and contract freight. Year-over-year spot rates have been positive for approximately six months. Contract rates are also increasing in recent bid activity.<\/li><li>This index fell 10% in 2023 and another 3% in 2024. It is uncertain where the index will go in 2025.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cfb3a04 e-flex e-con-boxed e-con e-child\" data-id=\"cfb3a04\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d388aac elementor-widget elementor-widget-text-editor\" data-id=\"d388aac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Truck Tonnage Index<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-682fd2e elementor-widget elementor-widget-image\" data-id=\"682fd2e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"259\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/12.png\" class=\"attachment-full size-full wp-image-24830\" alt=\"graph of truck tonnage index\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/12.png 662w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/12-300x117.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Updated on Jan 17, 2025, from the St Louis Federal Reserve, sourcing the U.S. Bureau of Transportation Statistics<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-403f09f elementor-widget elementor-widget-text-editor\" data-id=\"403f09f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tFrom the American Trucking Associations (ATA) on Jan 16, 2025:\n<ul>\n \t<li>The ATA projects that after two years of declines, truck volumes are expected to grow 1.6% in 2025, rising to nearly 14 billion tons by 2035. This projection comes from ATA Freight Transportation Forecast 2024 to 2035, a joint report by ATA and S&amp;P Global Market Intelligence.<\/li>\n \t<li>\u201cIn this edition of Forecast, the trucking industry continues to dominate the freight transportation industry in terms of both tonnage and revenue, comprising 72.7% of tonnage and 76.9% of revenue in 2024,\u201d said ATA Chief Economist Bob Costello. \u201cWe project that market share to hold over the next decade as the country continues to rely on trucking to move the vast majority of freight.\u201d<\/li>\n \t<li>From the same report, total truck tonnage will rise from approximately 11.27 billion tons in 2024 to 13.99 billion tons in 2035. Over that same period, trucking industry revenues will grow from an estimated $906 billion to $1.46 trillion, accounting for 76.8% of the freight market by the end of the forecast period.<\/li>\n \t<li>Considering other modes of Transportation:\n<ul>\n \t<li>Railroad freight tonnage share will fall from 10.6% in 2024 to 9.9% in 2035, mostly due to declines in coal volume.<\/li>\n \t<li>Intermodal rail tonnage will grow by 2.9% through 2030, and then 2.8% between 2031 and 2035.<\/li>\n \t<li>Air cargo, domestic waterborne transportation and pipelines will all see increases in tonnage between 2024 and 2035.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3f53918 e-flex e-con-boxed e-con e-child\" data-id=\"3f53918\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e8189c elementor-widget elementor-widget-text-editor\" data-id=\"6e8189c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Van Load-Truckload Ratio<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91d6598 elementor-widget elementor-widget-image\" data-id=\"91d6598\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"327\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/13.png\" class=\"attachment-full size-full wp-image-24829\" alt=\"graph of van load-truckload ratio\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/13.png 662w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/13-300x148.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-36a7339 elementor-widget elementor-widget-text-editor\" data-id=\"36a7339\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: DAT Analytics | <a href=\"https:\/\/www.dat.com\/trendlines\/van\/demand-and-capacity\" target=\"_blank\" rel=\"noopener\">https:\/\/www.dat.com\/trendlines\/van\/demand-and-capacity<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2cd004c e-flex e-con-boxed e-con e-child\" data-id=\"2cd004c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-768a786 elementor-widget elementor-widget-text-editor\" data-id=\"768a786\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>Industry Trends<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43a0bc3 elementor-widget elementor-widget-image\" data-id=\"43a0bc3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"362\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/14.png\" class=\"attachment-full size-full wp-image-24828\" alt=\"table of industry trends\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/14.png 662w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/14-300x164.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3be0b2 elementor-widget elementor-widget-text-editor\" data-id=\"a3be0b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: DAT Analytics | <a href=\"https:\/\/www.dat.com\/trendlines\" target=\"_blank\" rel=\"noopener\">https:\/\/www.dat.com\/trendlines<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6081b3b e-flex e-con-boxed e-con e-child\" data-id=\"6081b3b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3abbe5d elementor-widget elementor-widget-text-editor\" data-id=\"3abbe5d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><strong>National Spot Rates<\/strong><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-571b541 elementor-widget elementor-widget-image\" data-id=\"571b541\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"270\" src=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/15.png\" class=\"attachment-full size-full wp-image-24827\" alt=\"graphic of the national spot rates\" srcset=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/15.png 662w, https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/15-300x122.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4c4037 elementor-widget elementor-widget-text-editor\" data-id=\"d4c4037\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: DAT Analytics | <a href=\"https:\/\/www.dat.com\/trendlines\" target=\"_blank\" rel=\"noopener\">https:\/\/www.dat.com\/trendlines<\/a><\/p><p>The chart above depicts national average rates (including fuel surcharges) in the past 13 months, derived from DAT RateView.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The December 2024 Market Outlook on key network indicators, shipper actions, manufactured goods, and economic and transportation updates.<\/p>\n","protected":false},"author":2,"featured_media":24817,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"blog_category":[100],"class_list":["post-24810","blog","type-blog","status-publish","has-post-thumbnail","hentry","blog_category-market-update"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>North American market update: December 2024 - Odyssey Logistics<\/title>\n<meta name=\"description\" content=\"December 2024 North American Market Outlook 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