Issue link: https://resources.echo.com/i/1513918
20 There are mixed opinions on how the market will unfold heading into 2024. While many respondents believe that the status quo will continue across capacity, volumes, and inventory levels, others anticipate slight growth in freight volumes and tightening of capacity as carriers leave the market. Projected inventory levels remain up for debate. One sentiment is resounding: Consumers plan to spend less next year. They're slashing spending across discretionary purchases like vacations and dining, as well as homes, cars, and furniture. Respondents are relying on data from the past 12 months to guide their budgeting decisions for the year ahead and leveraging predictive rate modeling. Many businesses are interested in incorporating digital tools but haven't done it yet. They see the benefits of improving visibility, pricing, access to freight and capacity, carrier verification, and streamlining payment processes. Implementing these tools now can help businesses tap into real-time data and analytics to handle whatever lies ahead in 2024. Echo Global Logistics is a leading provider of technology- enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation Solutions for all major modes, including truckload, partial truckload, LTL, intermodal, temperature-controlled shipping and warehousing, and warehouse services. Named one of Newsweek's Most Trusted Companies in America, Echo leverages its proprietary, web-based and mobile app technology, analyzing data from its network of more than 50,000 transportation providers to help its 35,000 clients simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com. Conclusion Sponsored by Echo Global Logistics