Remove Colorado Remove Freight Remove Inventory Remove Transportation
article thumbnail

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. The sub-index index Transportation Utilization of 50 was noted as indicating no upward movement for the first time in 2023. percentage points below the February value of 54.7, Separate U.S.

Freight 52
article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

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, logistics and parcel movement industry. The LMI has now declined 6.7

article thumbnail

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

Supply Chain Matters

This index compiles 27 different variables to include transportation movement and costs, global PMI sub-indexes reflecting delivery times and order backlog. Interestingly, Transportation Utilization is the outlier here, as both utilization metrics in the index were up significantly in September. ”. Logistics Managers Index.

article thumbnail

Hurricane season 2024: how to prepare your supply chain

Resilinc

Colorado State University (CSU) forecasts 23 storms, 11 hurricanes, and 5 major hurricanes—the highest prediction they have ever issued. 2 Transportation and distribution issues Damage to transportation like roads, ports, and airports can disrupt the movement of goods, causing delays and distribution challenges.

article thumbnail

Consumer Packaged Goods Network Optimization: The Key to Supply Chain Resiliency 

Logility

In addition, a considerable portion of freight transportation expenses continues to soar as diesel fuel costs surge by 20% year over year. To gain control over their costs and pricing, supply chain leaders must capitalize on the recent stabilization of production capacity and inventory levels.

article thumbnail

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) and Transportation Capacity (+5.2) and Transportation Utilization (-10.7). The authors added: “ Essentially, November’s decline seems to have come because firms are selling off inventories quickly.