The Logistics Managers’ Index has done a great job of explaining freight market capacity shifts over the past several years. The last few months are painting a picture of a market that is racing toward a correction.
Supply chain metrics for October showed fundamentals for transportation providers may be improving.
A September supply chain survey suggests the freight industry is coming out of a recession.
Transportation prices fell sharply again in July, but the rate of decline is slowing.
At the recent UBS Global Industrial and Transportation Conference, Heartland CEO Mike Gerdin and Vice President of Finance Josh Helmich highlighted freight market weakness and outlined the retention impact of their driver minimum pay program.
The Logistics Managers’ Index registered contraction for the first time ever in May as transportation-related metrics weighed heavily on the data set.
SONAR ocean container booking data suggests that the predicted freight rebound in the second half of 2023 may be increasingly unlikely. Import and ocean container booking data is typically used as a leading indicator for future truckload volumes, as containers are offloaded in ports and transferred into intermodal or truckload orders.
The Logistics Managers’ Index hit a new low in April as transportation metrics weighed on the data set.
A plan to allow 18-to-20-year-old truck drivers to haul interstate cargo got a sharp rebuttal at the Truckload Carriers Association (TCA) conference by Knight-Swift President and CEO David Jackson. The plan was conceived as a way to address the driver shortage and is strongly supported by the Biden administration and the American Trucking Associations (ATA).
Transportation rates fell at the fastest-ever pace recorded in February, according to a monthly supply chain survey.
A monthly survey of supply chain executives released Tuesday revealed signals that transportation markets could be poised for a recovery.
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.
El Índice de Gestores Logísticos, que cumple 6 años, registra la “mayor tasa de contracción” de la historia
El LMI general registra el segundo nivel más bajo de los últimos 6 años
The November Logistics Managers’ Index showed transportation capacity was up again with pricing contracting at the fastest rate on record.
Transportation capacity grew during October at the fastest pace captured in the history of a 6-year-old data set.
Atoke, a town of 3,000 people nestled in the Choctaw reservation in southeast Oklahoma, used to be home to herds of buffalo and bison (there is in fact a difference). Now this reservation, a hidden 11,000-square-mile parcel of land, has become one of the largest drone delivery testing sites in the world, according to FreightWaves’ Jack Daleo.
Transportation capacity grew for the first time since May 2020, according to a monthly supply chain survey.
Data in the Logistics Managers’ Index reported a significant weakening in the market in the second half of March.
Inventory levels grew at an astonishing pace in February. Is the supply chain crisis ending?
