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

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. Nikkei Asia ). At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. Wall Street Journal ). Deloitte Global). Wall Street Journal ). Financial Times).

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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

Supply Chain Matters

The World Container Index , assessed by Drewy Consultants, is a compilation of eight major shipping routes to and from the United States , Europe and Asia. Data published at the end of March indicates that for movement of ocean container shipping transit from Asia to North America , the average time had declined to 108 days, upwards of 15.4

article thumbnail

Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. to Asia , as well as the European consequences of the ongoing Ukraine-Russia conflict as now driving added index volatility. Readers can dive into the data to ascertain specific increases in volatility components.

article thumbnail

Webinar Recap: The Case for a Pan-American Manufacturing Ecosystem

Resilinc

In the decades since, Linton and his teams at IBM, LG, Flex and other companies have driven billions in annual procurement to China and other Asian countries, helping to create the Asia-centric manufacturing supply chains of today. Now, Linton believes those supply chains must change. Proximity = lower costs and lower carbon.

article thumbnail

Air Cargo Got It Wright: 9 Incredible Air Cargo Facts

Freightos

After the project was cancelled, the plane was moved to storage in Arizona. million tonnes) of loaded and unloaded freight. FedEx Express and UPS Airlines operate major hubs for cargo heading to and from North East Asia. The rule of thumb for cargo spot rates is that air cargo is about 11 times more expensive than sea freight.

Cargo 120