Remove Cargo Remove Freight Remove Los Angeles Remove Manufacturing Procurement
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. percent drop in cargo volumes.

article thumbnail

Freight Market Update and Q2 Trucking Outlook

Zipline Logistics

Following an unprecedented downturn, the freight market has posted an almost full calendar year of impressive growth spurred by demand from a few sectors of the domestic economy. The second half of the past quarter was highly atypical and posted freight volumes that vastly exceeded those generally seen during peak season.

Freight 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week in Logistics News (August 26 – September 1)

Logistics Viewpoints

The Port of Los Angeles, which is vying with the Port Authority of New York and New Jersey to be the nation’s busiest facility, saw a 25.8% Global trade has eased as warehouse inventories of retailers and manufacturers remain elevated,” Port of Los Angeles Executive Director Gene Seroka said.

article thumbnail

Towards AI-driven Congestion-Free Ports and Terminals

ThroughPut

At the end of the year, the Californian ports of Los Angeles, witnessed average vessel wait times max to approximately 17 days. The shipping industry contributes to 25% of America’s total GDP with the Port of Los Angeles and Port of Long Beach being the busiest, handling more than 40% of all inbound cargo shipped to the U.S.

article thumbnail

The History of the Shipping Container

Freightos

For centuries the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. Break-bulk loaded cargo was poorly secured required a Tetris-like approach to handle diverse sizes of packages. First use of a modern container for ocean freight.

Shipping 120
article thumbnail

[INFOGRAPHIC] The History of Shipping Containers

GlobalTranz

The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. For centuries, the expense, risk, and frustration with ocean freight held back expansion of the international economy, despite the invention of the steam invention. First use of a modern container for ocean freight.

Shipping 120
article thumbnail

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.