Fitch Ratings has issued a neutral outlook for the freight transportation and logistics (T&L) sector in Canada and the U.S., anticipating a gradual recovery starting in 2025.
The sector, which encompasses freight operators such as rail, trucking, freight brokerage and logistics services, is poised to benefit from an improving freight cycle following a challenging period between mid-2022 and mid-2024.
Fitch Ratings, a U.S. credit rating agency, says operating conditions are beginning to stabilize, driven by consistent economic growth, including positive trends in retail shipments, modest growth in industrial end markets and better capacity balance in trucking markets.
