This update highlights the key shifts in freight markets, macro conditions, trade flows, rates, and M&A activity entering 2026.
Key Highlights
- Tariffs, geopolitical tensions, and Red Sea disruptions are increasing transit times and rate volatility
- Truckload rates improved in Q4 as regulatory actions tightened capacity, and intermodal may benefit as balance returns.
- Consumer sentiment is rising, but manufacturing and housing remain soft under high costs and interest rates.
- China-U.S. trade weakened after tariff implementation; container and rail volumes remain inconsistent.
- M&A activity is picking up with renewed CEO confidence, strong capital availability, and early 2026 mega‑deals.
- Spot rates are climbing while contract rates remain flat, and warehousing costs stay elevated due to tight space and slow destocking.
- Valuations remain steady across logistics, LTL, rail, and marine as operators invest in efficiency‑enhancing technologies.
Download the full update for detailed charts, data tables, sector‑specific trends, and transaction insights derived from Q4 2025 and early 2026 market performance.
