White Paper: State of the Industry – October 2026

The October 2026 "State of the Industry Report," co-published with Ryder, offers a detailed examination of the trucking, maritime, and intermodal sectors, as well as predictions for the upcoming weeks. The report provides insights into capacity, volumes, and rates.

Freight demand is stable, yet the market remains fragile, with post-Labor Day fluctuations illustrating the swift changes in capacity and pricing conditions. Import volumes remain robust, with major U.S. ports witnessing near-record container activity as shippers diligently manage inventory levels.

Intermodal transportation outpaces truckload, with domestic intermodal volumes surpassing last year's figures by nearly 9%, primarily due to significant cost savings and network efficiencies. Transportation expenses are being influenced by rising fuel prices, as diesel reaches all-time highs, which raises operating costs and exerts upward pressure on freight rates across all modes.

The manufacturing sector continues to bolster freight demand, as factory orders, industrial production, and transportation equipment orders are on the rise, even with a slower growth rate. Despite consumer spending staying resilient, increasing fuel costs and falling consumer sentiment could pose challenges for freight demand in the forthcoming months.

The housing sector poses a challenge to freight markets, with decreasing home sales, fewer housing starts, and cautious builder sentiment negatively impacting construction-related freight activity.