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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. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

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Supply Chain Matters COVID-19 and Ukraine Conflict News Capsule Update- October 25 2022

Supply Chain Matters

Reportedly, the queue of container vessels waiting to unload at the Ports of Los Angeles and Long Beach was just four vessels last week, compared to over 100 ships in January. It is becoming clearer that supply chain procurement and logistics teams elected to route import shipments thru either U.S. West Coast port operators.

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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. 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.”

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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.

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Upstream and Downstream Supply Chain Explained: Don’t Get Caught Without a Paddle

ShipBob

It involves all the activities related to the sourcing and transportation of raw materials needed in the manufacturing process. Meanwhile, the downstream supply chain involves activities post the manufacturing process, which would mean getting the finished goods to the end consumer.

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Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

Supply Chain Matters highlights the increasing realities of declining global trade and freight rates that are occurring in the first-half of 2023. That index now stands at $1898 as of this week, with the Drewy WCI Shanghai to Los Angeles sub-index reported at $1959.

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Will the Inflation Reduction Act Reduce Supply Chain Costs?

Intelligent Audit

This, along with container shortages, drove up ocean freight spot rates and caused sporadic export delays. Over 100 ships waited to unload containers in December at Los Angeles and Long Beach, the U.S. How is Inflation affecting freight rates? As the first anniversary of the pandemic approached, U.S.