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

Supply Chain Matters

Transportation prices reportedly contracted for the tenth consecutive month, but authors pointed to a lessened rate in the April data. percent drop in cargo volumes. In the specific case of UPS , the carrier and logistics services provider has now been forecasting a decline in annual revenues since the recession of 2009.

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

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009. Increased Shipping Costs, Delays, and Transportation Issues. Department of Transportation ). Deloitte Global).

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Burlington Coat Factory @Burlington In 2009, Burlington Coat Factory (in partnership with Fortna) transformed its supply chain with new systems and operational processes, optimizing efficiencies and boosting customer service at the company’s Burlington, New Jersey location as part of its 5-year supply chain strategy.