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U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. That is not good for retailers and manufacturers, each under the looking glass to reduce not only transportation but also inventory carrying costs. All rights reserved. The post U.S.

Freight 52
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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. Supply Chain Matters highlights continued evidence that the U.S.

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Global Supply Chain Volatility Continues to Moderate But Not Inventory and Warehousing Costs

Supply Chain Matters

The Logistics Managers Index Report® , compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported a September value of 61.4,

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

Supply Chain Matters

The report specifically indicates : “ November’s dip was largely triggered by a decline in Inventory Levels (-9.1) which is attributable to Q4 holiday sales and the subsequent dips in Warehousing Capacity (+3.6) and Transportation Capacity (+5.2) The reported November value of 49.4 declined a significant 7.1

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June 2023 US Logistics Managers Index Drops to a Revised Low

Supply Chain Matters

According to the June report summary , the primary driver of the latest decline was the inventory metric, which reportedly contracted 6.5 Consequently, the warehousing capacity metric increased a reported 6.8 Surge or seasonal capacity is usually pegged to spot rates based on available capacity. The June value of 45.6

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Evidence Mounts of Non Peak Holiday Season in Transportation and Logistics

Supply Chain Matters

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. The July PMI report further pointed to current inventory levels being at their lowest point in the history of this index, and based on July data, is still an ongoing process. The July value of 45.4

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

Supply Chain Matters

percentage points In May, noted as an indication that shippers are consuming even less of available capacity than the month earlier. Noted was a late May decline, largely driven by a more pronounced shift in inventories in the second half of May, reflecting a higher rate of expansion in the first half. The reported May value of 47.3