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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

In a prior published commentary, we provided highlights of March and Q1-2022 global production indices along with their implications. We now add highlights of March and Q1-2022 key global transportation and logistics indices. That compares to $9,279.46 per 40-foot container reported at the end of February. US Logistics Index.

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Resilinc’s Q1 2023 Supply Chain Disruption Data

Resilinc

Labor and Transportation Disruptions are Up Resilinc data shows labor disruptions were up 107% year-over-year. Faced with inflation, layoffs, and long hours, transportation employees are taking action in the form of strikes and protests. On February 17, more than 1300 flights were canceled by Lufthansa Group in Germany due to strikes.

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Tight container market creating capacity issues for shippers

Turvo

The global transportation system in 2021 is experiencing a unique and unexpected crisis. Market participants state that the cost of transportation has increased from approximately $1,500 to $6,000 – $9,000 per container in February this year. A problem also linked to shipping companies. What happened to the containers?

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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period.

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Market Update: Transportation Industry News

CH Robinson Transportfolio

This month’s Market Update highlights key factors that impact the transportation industry in North America and will keep you up to speed on the latest news and topics that matter to your supply chain and business. They detract from GDP but add to domestic freight tonnage, so this is positive for the transportation sector.

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Market Update: Transportation Industry News

CH Robinson Transportfolio

The Market Update, a new monthly post highlighting key factors that impact the transportation industry in North America, will keep you up to speed on the latest news and topics that matter to your business. While there is no contract extension in place, both parties have pledged to keep cargo moving. Large Scale Market Indicators.

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This Week in Logistics News (March 13 – 19)

Logistics Viewpoints

Washington farm exports crimped by cargo-container shortage. With the third vaccine authorized, these manufacturers are pressing for more companies to be authorized to ship the vaccine. Global transportation is at the forefront of sustainability efforts. HelloFresh boxes sustainability.