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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. percent drop in cargo volumes.

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This Week in Logistics News (February 10 – 16)

Logistics Viewpoints

While the industry struggles to attract and retain talent, ZipRecruiter’s recently released 2024 Labor Market Outlook found that the transportation and warehousing sector has added the most jobs of any sector since the pandemic and over the past decade. And within the sector, the warehousing and storage category has added the most jobs.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Wall Street Journal ). Deloitte Global).

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Autonomous Truck Trends for 2022 and Beyond: Can Autonomy Safely Address the Driver Shortage?

Logistics Viewpoints

When it comes to the movement of freight, one megatrend driving the need for better technology is the driver shortage. This means moving the cargo twice as far and twice as fast. TuSimple – a provider of autonomous freight semi-truck solutions – has said their technology will be operational by 2024.