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U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. That is not good for retailers and manufacturers, each under the looking glass to reduce not only transportation but also inventory carrying costs. All rights reserved. The post U.S.

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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. The LMI has now declined 6.7

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Freight Volume Rebounds to Pre-Pandemic Levels

Zipline Logistics

As we move into the back half of May, the freight market is starting to show signs of an expedited rebound. . Th ese conditions have caused a more favorable freight environment. That is e specially the case for outbound freight in southern states and California where produce season is in full swing. . Logistics? ? .

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Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

There will still be a workforce needed to maintain those driverless vehicles or costs associated with maintenance done by the manufacturer or a 3rd party. In a tight market, it never hurts to shop your contracts. Perhaps you signed deals years ago at a high rate that now stands below market due to rising demand.

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U.S. Logistics Manager’s Index Drops to an All Time Low in May

Supply Chain Matters

Other insights pointed out in the May LMI report are that the current rate of contraction is strongest in upstream firms, namely manufacturers, wholesalers and distributors, compared to their downstream retail industry counterparts. Supply Chain Matters highlights this week’s release of the U.S. Further reported was that volumes of U.S.

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Chuck Intrieri Executive Profile

The Logistics of Logistics

Chuck has significant operational experience having served as the Chief Procurement officer for The Schwinn Bicycle Company, Ping Golf, Troy Built as well as a procurement officer for Maricopa County Arizona. It should be noted that, with the exception of Schwinn, Chuck began work with these organizations as a Supply Chain Consultant.

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Evidence Mounts of Non Peak Holiday Season in Transportation and Logistics

Supply Chain Matters

While 209,000 workers were added in June, 14,000 freight and parcel carriers were cut and 6,900 warehousing and storage jobs were lost. Last week we cited a report by The Wall Street Journal indicating that the CEO of the globe’s largest freight forwarder, Kuehne + Nagel , indicated that “ There’s no peak season to be expected in 2023.”