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Even today when one reads the numerous articles about the benefits of manufacturing or assembling in Mexico, most of them highlight Mexico's low-cost labor and, of course, its proximity to the US market. But what does it all mean for those shippers and manufacturers that rely on cross-border trade between the two countries?
freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. That is not good for retailers and manufacturers, each under the looking glass to reduce not only transportation but also inventory carrying costs. All rights reserved. The post U.S.
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
The lithium boom signals a shift in manufacturing and energy in the United States—but the popular mineral is facing some obstacles when it comes to heavy air and rail regulation. Its growth—use increases by 11% per year—has ignited a battle among companies to produce the cheapest alternative source: batteries. manufacturing.
For those of us in neighboring states, North Dakota is the source of a clichéd “giant sucking sound,” the likes of which this generation has never experienced. The oil and gas industry impacts freight transportation in four significant areas: Diesel Prices. And it has all happened incredibly quickly. Rail Capacity.
The takeaway for September was that global manufacturing activity officially fall below the 50.0 There are some positives to consider in the trending of global supply chain pressures, and perhaps continued moderation of spot or contracted transportation freight rates. up from an August reading of 59.7.
The authors specifically make mention of geopolitics along with the ongoing effects of the pandemic impacting many manufacturing regions in China. The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. after reaching an all-time high of 76.2 points above April’s reading).
Other insights pointed out in the May LMI report are that the current rate of contraction is strongest in upstream firms, namely manufacturers, wholesalers and distributors, compared to their downstream retail industry counterparts. The reported May value of 47.3 compared to the April value of 50.9, Further reported was that volumes of U.S.
Implications The June report’s narratives and implications can be viewed from two increasingly different frames of reference, one being the logistics and warehousing services industry, the other being manufacturers, retailers, wholesalers and businesses that are anchored in supply chain cost sensitivities. The June value of 45.6 declined 1.7
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. Further, 86 percent of manufacturers indicate disruptions to trucking and shipping networks were impacting their supply chains.
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.”
Con-way Freight Introduces Drive Safe Systems™. FedEx Freight to Increase Shipping Rates. Of course, this makes sense for logistics service providers like Ryder, but a similar opportunity exists for manufacturers and retailers. Is Walmart’s WAVE Concept Truck The Fuel-Efficient Future Of Semis? Yahoo Autos ).
1913 marks the birth of the inventor’s famous assembly line, which changed the way we think about manufacturing. It’s the manufacturing behind the Model T that fundamentally links it to the Model 3. I s it just me, or is it starting to feel a lot like 1913? No, that’s not when Ford’s Model T first arrived—that was 1908. The result?
With all the craze about new self-driving cars, it’s easy to overlook what may be a more impressive feat: self-driving freight trucks. Right now, the truck is only licensed in Nevada, but this is just the beginning. For the time being, these trucks are limited to the highways of Nevada.
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