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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. remains unclear.

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U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

Supply Chain Matters provides highlights of the March Logistics Manager Index which indicates that U.S. freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. percentage points below the February value of 54.7, All rights reserved. The post U.S.

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November U.S. Logistics Manager’s Index- Noteworthy Trending

Supply Chain Matters

Logistics Managers Index (LMI) that declined to contractionary level and reflecting rather noteworthy trending. The report authors indicated that this decline was the largest since the start of the ongoing logistics industry downturn that that occurred in April 2022. Supply Chain Matters highlights the published November 2023 U.S.

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U.S. Logistics Manager’s Index Drops to an All Time Low in May

Supply Chain Matters

Logistics Managers Index (LMI) that dropped to an all-time low for May 2023. The May report narrative reinforced that “ the negatives seem to outweigh the positives in the logistics industry.” logistics industry continues in a state of recession. Supply Chain Matters highlights this week’s release of the U.S. The post U.S.

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Evidence Mounts of Non Peak Holiday Season in Transportation and Logistics

Supply Chain Matters

Supply Chain Matters highlights additional developments, evidence and added signs that reinforce that there will be no peak holiday focused surge in transportation and logistics in the latter half of 2023. While 209,000 workers were added in June, 14,000 freight and parcel carriers were cut and 6,900 warehousing and storage jobs were lost.

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June 2023 US Logistics Managers Index Drops to a Revised Low

Supply Chain Matters

Logistics Managers Index (LMI) that again dropped to an all-time low for June 2023. For logistics and transportation services interests, any notion of benefiting from the seasonal surge in material movements supporting the upcoming Q3 and Q4 selling period in terms of pricing leverage is not likely to occur in the coming weeks.

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Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

There will still be a workforce needed to maintain those driverless vehicles or costs associated with maintenance done by the manufacturer or a 3rd party. For as curious as many are over the potential of driverless vehicles, logistics companies need to get even curiouser about what’s driving their bottom lines. Curiouser and Curiouser.