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This Week in Logistics News (June 15 – 21)

Logistics Viewpoints

bans exports by Oregon freight-forwarder in warning shot to industry Container losses fall to record low Warehouse wages rise to average of $18.99 Rising warehouse wages are driving up demand for technology and automation to reduce labor costs, according to a study from the Nevada-based third-party logistics provider (3PL) ITS Logistics.

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

Supply Chain Matters

The Logistics Managers Index Report® , compiled by researchers at Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University and the University of Nevada Reno , and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) , reported a September value of 61.4,

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July’s Transportation and Logistics Index Provides Important Insights

Supply Chain Matters

Note: values of this index above 50 are indicative of an expansion of overall logistics industry activity levels ) The summary narrative communicated for July 2024 was indications of “ positive movements in the transportation market contrasting with a moderate contraction in inventories and slowing rates of expansion in the warehousing market.”

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June 2023 US Logistics Managers Index Drops to a Revised Low

Supply Chain Matters

Consequently, the warehousing capacity metric increased a reported 6.8 Further, the added evidence of increased warehouse capacity levels will have an effect on previously rather high levels of warehouse contracting and leasing rates. The June value of 45.6 declined 1.7 percentage points from the May value of 47.3,

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U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

Panelists reportedly pointed to a more pessimistic outlook for transportation utilization for the remainder of this year From our lens, the picture of the report is that not only is an overall contraction of freight demand, but continued high inventory and warehouse capacity utilization is leading to increased inventory storage costs.

Freight 52
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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. In the past we would expect to see transportation and warehousing ramping up hiring in late summer ahead of peak season. ” warehouse workers in June of 2022. The July value of 45.4 declined 0.2

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Supply Chain Volatility Indexes Moderate in February

Supply Chain Matters

A further significant change noted was Warehousing Capacity moving back into expansion levels by 10.2 That stated, Warehousing Prices and Inventory Costs remain expanding at accelerated rates and the authors caution: “.it percentage points down from the January reading of 57.6. The chairperson of the U.S.