ITS Logistics February Supply Chain Report: Warehouse Lease Costs Stay High, Truckload Contract & Spot Rates See Dip After January Boost

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– Economic outlook for global growth is projected to be 3.3% in 2025 and 2026, but ITS Logistics cautions businesses amidst tariff uncertainties –RENO, Nev., Feb.25, 2025 (GLOBE NEWSWIRE) -- ITS Logistics released the February ITS Supply Chain Report.

Warehousing costs are estimated to account for 13% of the total supply chain expenses, while last-mile delivery holds the largest share at 41% of the total supply chain costs.” A recent GlobeSt.com report confirmed that mega big box deals have dominated the market, resulting in the number of leases for one million square feet being representative of nearly half of the top 100 leases in 2024.

"Contract and spot rates across reefer and dry vans held strong in January before dipping slightly in February,” said Josh Allen, Chief Commercial Officer for ITS Logistics.

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Article Details

Author / Journalist: ITS Logistics

Category: Technology

Markets: ChinaCanadaMexico

Topics: Report Growth Spot Rates Distribution Logistics Chain Supply 2025 2024 February

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 15:31:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 841 words

Reading Time: 5 minutes read

Sentences: 28 lines

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Copyright Owner: © GlobeNewswire

News ID: 26438625

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