Remove 2009 Remove Freight Remove Inventory Remove North America
article thumbnail

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

article thumbnail

Time to Squeeze Carriers for Better Rates?

Talking Logistics

There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes. percent in December from November , with December 2015 freight shipments down 2.0 percent from December 2014.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ScottsMiracle-Gro Improves Distribution System in Sustainability and Customer Service

Supply Chain Network

Since 2009, when ScottsMiracle-Gro began implementing its new distribution model, the Company has reduced the number of miles traveled to ship products to home center customers by approximately one-third. Improve inventory turns at retail by reducing fertilizer order minimums. In the U.S., Media Contact: Anne Kreuser.

article thumbnail

Logistics Industry’s Slow Economic Comeback Continues in Spite of Challenges

Supply Chain Network

trillion, an increase of $114 billion from 2009. Inventory carrying costs increased 10.3 percent last year due to higher costs for taxes, obsolescence, depreciation, and insurance, which were offset by a further drop in the inventory carrying rate and warehousing costs. Business logistics costs rose to $1.2

article thumbnail

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

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Deloitte Global).

article thumbnail

Market Update: Transportation Industry News

CH Robinson Transportfolio

This month’s Market Update highlights some of the key factors that impact the transportation industry in North America, including the most recent Shippers Conditions Index (SCI) reading, which shows signs of improvement in overall market conditions. Driver Shortage. cents—to $2.67—for for the week ending August 3.

article thumbnail

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only option was to try to reduce levels of inventory, which, up to that point, had been kept very high to support a nine-week order cycle.