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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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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. The auto industry makes up less than 9% of chip demand by revenue, and that figure is expected to increase by 10% per year until 2025. IDC via IEEE Spectrum). Wall Street Journal ). Wall Street Journal ).

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Amazon Leasing Air Cargo Space, Delivering by Drone

Multichannel Merchant

In unrelated aerial news from Amazon, the company has begun making drone deliveries in Texas and Washington state, as has (no coincidence) Walmart, in Texas, Florida and Arizona , according to various media. billion, which is $48.6 billion more than in 2019.

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