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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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Continued Disruption and Added Cost Inflation Reflected in Key Global Transportation and Logistics Indices in March and Q1 2022

Supply Chain Matters

Part of this decrease may be attributed to temporary declining freight volumes as regions in Asia continue to deal with COVID-19 related suspensions of production, shipping or transport operations. In February, a new Stage I Measure was introduced, which tracks that average period from cargo ready to origin port departure.

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Which Supply Chain Strategy Will Prevail in 2022?

Stord

Brands are expanding their warehouse footprint farther away from the coastal ports, like in Reno, Nevada; converting vacant storefronts into fulfillment centers; and planning multistory distribution centers to maximize the space available. We have a saying here at Stord, “you date your freight providers and marry your warehouse partner.”