Market Radar November
Your holistic view of recent transport market trends, including commentary and future predictions
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Summary of October trends
In October, the demand for transportation services showed a notable rebound, following typical seasonal patterns. Although the demand levels were still below those of 2023, the gap between the current and previous year's demand reduced, indicating a recovery trend.
Capacity in the market experienced the expected seasonal easing, meaning there was a slight increase in available transportation resources. However, despite this increase, the overall situation remained tense, suggesting that the market was still under pressure with high demand relative to available capacity.
Standard contracted prices remained stable during this period. In contrast, spot prices fell as is usual for this month. Despite the decline, spot prices remained above the levels of contracted prices, indicating that immediate transportation needs were still commanding a premium.
For refrigerated transports,