Persistently higher inventory levels are causing a drag on truckload tender volumes as 2023 begins. 2019 and 2018 SONAR data indicates we may approach levels of pre-pandemic seasonality, but higher truckload capacity will continue to negatively impact rates until enough truckload supply leaves the market.
Transportation prices fell at the fastest pace on record, according to the December Logistics Managers’ Index.
Supply chain data released Tuesday showed further loosening in transportation capacity while warehousing metrics tightened further.
Transportation data showed further loosening during July, according to a supply chain survey released Tuesday.
A supply chain survey released Tuesday showed market fundamentals continued to cool during June.
Capacity increased again in May, according to the Logistics Managers’ Index. However, the transportation market stabilized in the back half of the month.
Bottlenecks and a lack of transportation capacity led many retailers to order extra merchandise in the fall. Inventories are now piling up at points along the supply chain for some companies because they still can’t find the transportation to move the goods, a supply chain survey finds.
December supply chain numbers again show “significant expansion.” The Logistics Managers’ Index report questions whether retailers ordered too much for the holidays.
Growth throughout the supply chain accelerated in November with costs reaching all-time highs, according to the Logistics Managers’ Index.
An October supply chain survey shows transportation capacity falling at a faster pace while freight rates keep stepping higher.
