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. Freight Rates Reach Six Year Low Milestone first appeared on The Ferrari Consulting and Research Group / Supply Chain Management. percentage points below the February value of 54.7,

Freight 52
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

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Logility

Declaring “mission accomplished” is still too premature, based on research from the Organisation for Economic Co-operation and Development. In addition, a considerable portion of freight transportation expenses continues to soar as diesel fuel costs surge by 20% year over year.

article thumbnail

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

Supply Chain Matters

Noted was that one of the busiest times in freight logistics, the seasonal back-to-school retail stocking period, likely did not materialize. © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Supply Chain Matters highlights this week’s release of the U.S. All rights reserved.

article thumbnail

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

Supply Chain Matters

The canal disruption is further noted as having more freight being routed to U.S. Global Production Stabilization In our recently published monthly summary of November’s global PMI reporting , our research arm noted that with one month remaining, the year 2023 will likely be depicted as one of global manufacturing recessionary conditions.

article thumbnail

This Week in Logistics News (October 24-28, 2016)

Talking Logistics

Professor Solomon’s research was a bit on the technical side, which is why he didn’t have a high profile outside of academia, but his contributions to the industry were well recognized. Moving on to this week’s supply chain and logistics news… Uber’s Otto hauls Budweiser across Colorado in self-driving truck (Reuters).

article thumbnail

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. Last week we cited a report by The Wall Street Journal indicating that the CEO of the globe’s largest freight forwarder, Kuehne + Nagel , indicated that “ There’s no peak season to be expected in 2023.”