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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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What Could Stop Lithium from Revolutionizing Transportation?

Elementum

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.

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How the Bakken Oil Boom Impacts U.S. Supply Chains

CH Robinson Transportfolio

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.

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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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Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

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).

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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.