Initial Perspectives for 2025: What to Expect from the Global Freight Market

As we approach the end of 2024, projections for the upcoming year indicate a shift in the dynamics of freight demand. This year has been notable for its accelerated pace, primarily influenced by the Red Sea Crisis. This event led many European importers to advance their peak season orders, anticipating delays resulting from the long maritime route around the Cape of Good Hope.

Current Market Dynamics

In the United States, a similar concern about a possible strike on the East Coast and the Gulf Coast also prompted importers to expedite their purchases, although this worry turned out to be less significant than expected, with a strike that lasted only three days. Thanks to these dynamics, the import calendar has accelerated, helping to maintain strong spot freight rates. However, in recent weeks, we have begun to observe a downward trend in these rates.

Forecast for 2025

For 2025, it is forecasted that global freight demand will grow by 3%, representing a decline compared to the expected growth for this year, which is between 4% and 5%. This growth would lead the sector to exceed 180 million TEUs, reaching a new historical record, surpassing the 179.8 million TEUs of 2021, the peak year during the COVID-19 pandemic.

Mexico’s Strategic Importance

In this context, Mexico continues to be a focal point in international trade. As companies seek to diversify their supply chains, the country positions itself as a key strategic partner, particularly in the context of nearshoring, due to its proximity to the United States and the opportunities provided by the USMCA to facilitate trade in the region.

Adapting to Changes in Logistics

Importers and exporters will focus on how these dynamics will unfold in the coming year. It is crucial to stay informed about market trends and policies that could affect logistics and international trade.

Are you looking to understand more about how these market changes could affect your logistics strategy? Reach out to us today for insights and updates on the ongoing situation.
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