Industry Indicators: August 15 - 21st

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Industry Indicators: August 15 - 21st

iLevel Logistics presents intriguing data that offers a snapshot of notable industry changes and events during the weeks of August 15th through the 21st.


New Business Starts, Warehouse Employment, Truck Profits, Delta Anxiety, Trailer Orders, Used Truck Prices, COVID-19 cases in China, World Container Index, Truck Market Conditions, Diesel Prices, Inflation


2020 a tough year - but the number of new businesses soar

Source:  OBERLO

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Third quarter of 2020 surged ahead of past years – causes cited:  people losing their jobs during pandemic, adopting to changing consumer demands, and new business to supplement income lost during pandemic.    

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Warehouse employment new record in July

Source:  SupplyChainDive

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Truckload carriers realizing record profits so far in 2021

Source:  FleetOwner

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With exploding sales, and supply chain bottlenecks, inventories cannot keep pace.   A historical low ratio – well below goal range.  

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The Delta virus increases anxiety about economy

Source:  Business Insider

The drop in consumer sentiment demonstrates a genuine lack of confidence about the health of the economy – beating lows from spring 2020 – seventh largest dip in the last five decades. 

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Trailer orders struggle to meet high demand – the problems supply chain, staffing, and material shortages.

Source:  HDT Truckinginfo

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High spot rates increase used truck prices

Source:  DAT

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COVID-19 cases rise in China - so too does congestion in major Chinese Ports

Source:  SupplyChainBrain

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Composite container index and spot rates by major east-west trade routes

Source:  Drewry

For 18 consecutive weeks, the Drewry World Container Index increased.  

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FTR index shows truck carriers market condition remain strong

Source:  DCVelocity

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Diesel Fuel Prices Down slightly nationally

Source:  EIA  

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Inflation – explained by the price of a stuffed Giraffe

Source: Yahoo News   

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That’s all for this week.  Thanks for reading.  

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Industry Indicators: August 22 - 28th

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Industry Indicators: August 1 - 14th