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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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New Year, New Horizons: Transportation Industry Gets Ready to Take On 2023

Intelligent Audit

These changes, accompanied by rate changes affecting FedEx Freight, fuel surcharges, and FedEx OneRate, come amid increased competition in the parcel logistics sector. “ These changes, accompanied by rate changes affecting FedEx Freight, fuel surcharges, and FedEx OneRate, come amid increased competition in the parcel logistics sector. “

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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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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. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. IATA data shows global demand for air cargo markets jumped 3.7% Wall Street Journal ). Deloitte Global).

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Automation is here and transforming logistics

Resilinc

Marine terminal automation is “the most contentious issue facing longshore unions on the West and East coasts of North America,” wrote JOC. And freight-forwarder Hellman will begin a pilot next year using 60 UAVs for air cargo operations between 39 airports in 13 European countries, according to Reuters.