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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. 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 52
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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, logistics and parcel movement industry. The LMI has now declined 6.7

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June 2023 US Logistics Managers Index Drops to a Revised Low

Supply Chain Matters

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

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

Supply Chain Matters

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.

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

Supply Chain Matters

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.

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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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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. Further, 86 percent of manufacturers indicate disruptions to trucking and shipping networks were impacting their supply chains.